Treasuries Will Suffer Toll of Trump Tariff Bluster, Survey Shows

Investors are bracing for further weakness in the US Treasury market as they bank on President Donald Trump’s tariff threats becoming reality, the Bloomberg Markets Live Pulse survey showed.

Persistent trade worries could push the benchmark 10-year yield to 4.80% in the next six months, putting it on the high end of a trading range traversed over the last several years, according to the median estimate of 153 respondents. Over that time frame, more than half of participants expect the US to place tariffs on at least some economies. More than a third expect universal levies to be enacted as well.