What's Behind the Rally in Bonds

Tariff-driven fears of slower growth sent investors seeking safety in Treasury bonds, driving up their prices and sending down their yields.The rally in bonds came even though investors have been worried that Trump’s policies could lead to higher inflation and a larger budget deficit. Many investors had been hesitant to buy Treasurys because they believed Fed policymakers would remain cautious about cutting rates, with inflation above their 2% target.For now, those concerns have been brushed..