Treasurys are cratering amid the tariff-induced storm. Here's what's happening with bond markets.

1. US Treasury yields have surged sharply amid trade war fears. 2. Bonds are selling off, indicating market distress and risk aversion. 3. Tariffs on China may lead to rising inflation and recession fears. 4. Speculation on China reducing US Treasury holdings is influencing market sentiment. 5. Federal Reserve may need to intervene if bond market instability continues.