Bond Market Momentum Shifts Bears’ Way as Sell Signals Flash

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000From the Supreme Court’s decision against Donald Trump’s tariffs to the threat of Federal Reserve rate hikes and signs of labor-market resilience, a range of pressures are forcing a sentiment shift in the $31 trillion Treasury market back in favor of bears.Treasuries fell last week for the first time in a month as a slate of negative drivers piled up. The US high court’s move to strike down Trump’s signature global tariffs threatens to remove, at least for now, a major source of government revenue used to finance the deficit. Meanwhile, jobs data and a higher-than-expected inflation reading suggest the bar is high for further Fed rate cuts in the coming months.