Why everyone is worried about the bond market — especially Donald Trump

Last week, United States President Donald Trump pushed pause on the sweeping “Liberation Day” tariffs he had placed on more than 50 countries earlier in the month. Stocks had plunged in response to the original plan, spooking investors and Wall Street. But it was activity in the bond market, which threatened to drive borrowing rates higher, that market watchers say prompted the stunning about-face from the White House. Here, the Financial Post explains the bond market and why it sent Trump running.