10-year Treasury yield tumbles below 4% on fear a trade war will tip economy into a recession
1. 10-year Treasury yield drops to 3.89%, reflecting recession fears. 2. China imposes a 34% tariff on U.S. goods, raising trade war concerns. 3. JPMorgan increases recession odds to 60%, predicting economic downturn. 4. Upcoming nonfarm payrolls report critical for assessing economic health. 5. Tariffs could negatively impact U.S. job market and growth prospects.