Sell-off of Shares and Bonds: UK and European Stocks decline, Bond Yields rise – as US 104% tariff on China takes Effect

Following the US’ hardline on tariffs, the shares and bonds markets have seen a sell-off, from Japan, Hong Kong, Korea to Europe and UK.

Surprisingly, lots of US T-Bonds/Bills were sold. Was it a Chinese warning shot?

At the same times bond yields rose. UK yields rose to the highest since 1998 increasing government credit costs, in particular, in a moment when the UK needs to raise credits to finance the budget and the intended support and military expenses for Ukraine.