Bond market’s spasm didn’t worry Trump

president Donald Trump said that the volatile fluctuations in the bond market earlier this month and the steeped American stock market were not the cause of a 90 -day tariff for American trading partners.

Trump said in an interview with Time magazine, which discussed the pressure that the bond market faced after he unveiled new tariff plans in the “Liberation Day” declaration in the White House garden at the White House.

The bond market, a traditional safe haven, is supported by faith and full credit of the United States government, sees inaccurately seen great fluctuations, however, this month has one of its biggest short -term moves ever, as the treasury revenue decreased for a few years with a few years from 4 % around April 4, then April 11 reached 4.5 %. Trade is inversely produced for prices.

Almost this time, Trump was also wandering at the Federal Reserve Chairman Jerome Powell, describing him as “the master is too late” and was looking to shoot him because of the lack of interest rates, which contributed to the volatility. But he said since then he had no intention to launch it.

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High returns equal to the high borrowing costs, especially for a period of 10 years, which dictate mortgage rates as well as personal loans and cars.

On Friday, it decreased to 4.267 %. Treasury bonds have fluctuated between about 3.59 % and 4.81 % over the past 12 months.

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S & P 500 outside the correction area

At the same time, stocks were sank from record levels, but have regained some of these losses since then. The S&P 500 correction lands this week, retrieved from a 10 % decrease. However, DOW, S&P and Nasdaq are still low of standard levels of 5.7 %, 10 % and 6 %, respectively, until Friday.

“The bond market was getting YIPS, but I was not so. Because I know what we have. I know what we have, but I also know that we will not have it for a long time if we allowed another four years of great inefficiency. This thing was only working – he was working as a free spirit. This was – this was the most unchasted president in history,” Trump told Time.

On April 2, Trump used a sticker council to show common definition rates, other non -fire barriers and currency manipulation by trade partners on American goods, as well as the mutual tariff that the Trump administration plans to tax on imports from those countries. The administration later revealed that the account included the American trade deficit with those countries.

President Donald Trump holds a plan for “mutual definitions” while speaking during the event of a commercial advertisement in the wealthy America again in the garden of roses in the White House in Washington, DC, on April 2. (Chip Somodevilla / Getty Images / Getty Images)

A temporary stop for 90 days was not affected by the chaos of the bond market, but rather Trump’s goal to re -calibrate the definitions.

“No, this was not the reason,” he said. “I do it until we reach the numbers I want to reach. I have met many countries. I spoke on the phone. I don’t even want to come.”

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As for commercial talks, on Friday, Trump presented his conversations with Chinese President Xi Jinping. “I spoke to him several times,” he said on his way to the funeral of Pope Francis in Italy.

“I agree with Japan. We are very close to the deal,” he added.