Author: Joe Rennison and Colby Smith
Published on: 11/04/2025 | 00:00:00

AI Summary:
Treasury yields have risen to about 4.5 percent from less than 4 percent at the end of last week. The yield on the 10-year Treasury rose roughly 0.1 percentage points on Friday. This week’s sharp rise in yields has made this market unusually perilous. A bond’s yield moves in the opposite direction to its price. Investors around the world that hold trillions of dollars of Treasuries are seeing the value of their holdings suddenly decline. Rising yields on the 30-year long bond have also been historic, analysts said. This bond is considered a particular refuge for pension funds and insurance companies, because they have liabilities that stretch into the future. Every currency of the group of 10 nations rose against the dollar, further pointing to a move away from U.S. Assets. A weaker dollar at the same time as government bonds and stocks are selling off is a rare combination, given the dollar’s role as the global financial system’s safe haven. Officials at the Federal Reserve have acknowledged the recent gyrations. Japan is the largest, based on official data, with more than $1 trillion worth of U.S. Treasury debt. The next largest in China, which holds $760 billion of Treasuries, has already reduced its holdings by more than a quarter of a trillion dollars since 2021. Joe Rennison covers the Federal Reserve and the U.S. Economy for The Times. A version of this article appears in print on April 12, 2025, Section B, Page 1 of the New York edition with the headline: Bond Yields ‘Not Normal’ As Gyrations Roil Markets. President Trump has all but shut down the United States Interagency Council on Homelessness, but his larger target appears to be Housing First. Pronouns in Bios: On at least three recent occasions, senior Trump press aides have refused to engage with reporters’ questions. How we report on the Trump Administration Hundreds of readers asked about our coverage of the president.

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