New York —
Take it from President Donald Trump himself: Stocks and commodities can throw easily ignored tantrums, but when the bond market gets “yippy,” you pay attention.
Ultimately, it took a sharp bond market selloff in April of 2025 to get Trump to pump the brakes on his sweeping “reciprocal” tariff agenda.
Once again, the bond traders are barking. But this time, it’s not clear whether Trump can do much to calm the market anytime soon.
“The bond market is basically reacting to the uncertainty created by oil prices, and (Trump) seems not to know how to get out of the problem he’s put us in,” said Daniel Alpert, managing partner at investing firm Westwood Capital, in an interview.
