HASSETT: TRUMP IS CONSIDERING A 90-DAY PAUSE IN TARIFFS FOR ALL COUNTRIES EXCEPT CHINA
With so much of the recent rally built on the anticipated tariff fallout, it's no surprise to see heavy selling on this headline.
Bonds were already weaker on the day, but are adding sharply to those losses now with MBS down more than 3/8ths and 10yr yields up 13+ bps at 4.145.
