US Treasury Yield Blasts Through Trump's Tariff Pause Trigger

The US Treasury yield has reached 5.278%, surpassing the level that triggered President Trump's tariff pause in April 2025.

At 4.60%, Trump announced a pause on his trade war tariffs, confirming he had been 'watching' the bond market and that rising yields were a primary driver of his decision.

The yield has since broken through this threshold by 70 basis points, sparking concern about potential macro implications for equities, mortgage rates, and risk assets.

Historically, Treasury yields above 5% have corresponded with equity and crypto drawdowns as capital rotates into fixed income.