So it looks like the bond market is "acting weirdly"
Not that I know a lot about the bond market, except it's important and it affects borrowing costs in the US - both Government borrowing, business borrowing and the costs people have to pay to borrow.
Apparently US Bonds are supposed to be a safe haven when times are tough, but not this time.
https://edition.cnn.com/2025/04/11/investing/stock-market-dow-tariffs/index.html
"Typically, you’d expect bond prices to rise throughout periods of turmoil. US Treasuries are historically considered to be the safest of safe assets, backed up by the full faith and credit of the US government.
But bonds aren’t rising — they’re falling.
That’s largely because investors have lost faith in US trade policy, and they fear America could get hurt even worse than the countries Trump’s tariff policy is targeting. As JPMorgan Chase CEO Jamie Dimon said in his annual letter to shareholders Monday, Trump’s “America First” policy risks alienating its most important partners and the country’s special standing in the world.
US Treasury yields, which trade in opposite direction to prices, have surged in recent days to 4.4%. They were under 4% earlier in the week. That represents a massive move for the market. Higher yields could hurt America’s economy, as a number of consumer loans are closely tied to those rates"