Odaily星球日报讯 美国国家经济委员会主任哈塞特表示，债券市场的波动不是特朗普暂停征收关税的直接原因，但可能为这一决定增加了“一点紧迫性”。“一切都有条不紊地进行着。毫无疑问，昨天的国债市场做出了这样的反应，你知道，是时候采取行动了，我认为，可能更紧迫一些。但这是会发生的，”哈塞特说。周三隔夜，美国 10 年期国债收益率升至 4.5%以上，30 年期国债收益率飙升至 5%以上，债券价格暴跌。（金十）

Odaily星球日报讯 美国国家经济委员会主任哈塞特表示，债券市场的波动不是特朗普暂停征收关税的直接原因，但可能为这一决定增加了“一点紧迫性”。“一切都有条不紊地进行着。毫无疑问，昨天的国债市场做出了这样的反应，你知道，是时候采取行动了，我认为，可能更紧迫一些。但这是会发生的，”哈塞特说。周三隔夜，美国 10 年期国债收益率升至 4.5%以上，30 年期国债收益率飙升至 5%以上，债券价格暴跌。（金十）

哈塞特：债市动荡使暂停关税的紧迫性“增加了一点”

<Odaily> Planet Daily News: Hassett, director of the National Economic Committee, stated that bond market volatility was not the direct cause of Trump's suspension of tariffs, but might have added "a bit of urgency" to the decision. "Everything is proceeding in an orderly manner. Undoubtedly, the Treasury market made such a response yesterday, you know, it's time to take action, and I think it might be a bit more urgent. But this is going to happen," Hassett said. Overnight Wednesday, the U.S. 10-year Treasury yield rose above 4.5%, and the 30-year Treasury yield soared above 5%, with bond prices plummeting. (Jinshi)

Hassett: Bond market turmoil adds 'a little more urgency' to suspend tariffs

Trump suddenly announced a 90-day tariff suspension for countries that did not take retaliatory actions. The US stock market experienced an epic rebound, and the cryptocurrency market also celebrated. However, behind the frenzy, the market's uncertainty and wait-and-see sentiment are still strong.

4E Observation: Trump's suspension of tariffs has caused a surge in the market. Is it a reversal or a short respite?

<Odaily> Planet Daily News: Deutsche Bank says that if the volatility that once pushed U.S. long-term borrowing costs above 5% continues, the Federal Reserve will need to stabilize the U.S. Treasury market. On Wednesday, concerns about the safety of U.S. assets escalated due to Trump's tariff war, intensifying the sell-off of U.S. Treasuries, with the 30-year Treasury yield rising to 5.02%, the highest level since November 2023. If this situation continues, the Federal Reserve will need to intervene, according to George Saravelos, the global head of foreign exchange strategy at the bank, who calls it a "circuit breaker" - or emergency quantitative easing. He wrote: "If the recent volatility in the U.S. Treasury market continues, we believe the Federal Reserve has no choice but to emergency purchase U.S. Treasuries to stabilize the bond market." (Jinshi)

Deutsche Bank: The Fed may conduct emergency QE to curb turmoil in the U.S. bond market

Analyst Jinze pointed out that Trump's 90-day suspension of tariffs on countries other than China is essentially a response to the U.S. debt market crisis; the temporary suspension decision triggered a violent stock market rebound, which currently appears to be a technical correction driven by short covering, not a fundamental reversal. Before the situation becomes clearer, market pricing is unlikely to significantly exceed the pricing level before April 2nd; the tariff suspension is merely a pause to catch a breath. The structural vulnerability of U.S. debt (impact of arbitrage trade liquidation) and the escalating China-U.S. confrontation remain systemic risk sources, and market participants need to remain vigilant rather than blindly optimistic.