THE BOND MARKET

Summary from the TLDR Founders newsletter

While headlines focused on tariffs, the real drama this week was in the bond market where yields spiked Tuesday night amid fears that foreign governments were dumping US treasuries ahead of critical bond auctions. When bond prices fall, yields rise, creating a dangerous feedback loop where potential buyers demand higher rates to compensate for risk. Trump's 90-day tariff extension calmed markets just in time, averting a potential crisis.