Treasury Yields See Biggest Weekly Jump Since 2001 as Cash Flees

The bond-market selloff unleashed by President Donald Trump’s trade war sent 10-year Treasury yields to the biggest weekly surge in over two decades as investors pulled back from US assets.

The scale of the move — with the benchmark’s rate jumping a half-percentage point over the past five days to 4.49% — threatens to deal another blow to the US economy by pushing up borrowing costs more broadly. It also cast doubt on Treasuries’ status as the world’s safe haven as they slid along with the stock market for much of the week, sending investors into other assets like the Swiss franc, gold and the Japanese yen.