Wednesday's Markets Update (April 9, 2025)

12 Apr 2025 by rate3

On Wednesday, markets swing widely as Trump's 90-day tariff delay is announced. 10-year government bonds are being sold, with yields rising as high as 4.5%, as some investors flee to cash due to the rising uncertainty created by the White House's reckless economic policies, which are undermining Treasuries' traditional status as a safe haven. This goes against traditional logic when traders consider bonds a refuge during recessionary times. Gold jumps, the dollar falls, and the euro reaches a 6-month high amid the escalation of China's trade war. Iron ore prices are at a 7-month low. The crypto market rebounded following stocks, with many coins reaching their yearly lows on technicals.