How the ‘trade of the year’ became a nightmare for investors after Trump’s tariffs - MarketWatch
1. Tariff volatility has destabilized the $29 trillion Treasury market significantly. 2. Unwinding basis trades under pressure raises systemic risk concerns for the market. 3. Treasury yields surged despite equities selling off, indicating market tension. 4. The S&P 500 is experiencing heightened volatility amidst growing bearish sentiment. 5. Historical examples of similar volatility showcase the potential for further market instability.