Spiking yields signal “dash for cash” demands across markets amid broader market volatility.

27 minutes ago

A week into President Donald Trump’s global trade war that has upset financial markets, a new unsettling red flag is hitting the financial system: People are selling U.S. Treasury bonds.

As Treasury bonds are unloaded, the yields on 10-year Treasurys jumped overnight and briefly hit 4.5 percent, before receding somewhat. The yields on these bonds are important because they help determine what millions of consumers and businesses pay to borrow.

Global investors typically move to the perceived safety of U.S. debt in times of market tumult. But the jump in yields raises fears about whether investors are beginning to question U.S. debt as a haven.