Recent market developments have seen US Treasury yields plunge, with the 10-year yield dropping below 4% for the first time in six months. Investors are flocking to safe-haven assets amidst growing fears of recession following the implementation of tariffs by former President Trump. This flight to safety is reflected in the global bond rally, as traders react to the economic implications of the tariffs, leading to significant declines in yield. As economic uncertainty looms, traders are positioning themselves for a potential surge in US Treasury bonds, predicting that these safe assets will continue to attract investment amid escalating risks of economic downturn.