As global markets grapple with a significant bond selloff, alarm bells are ringing for investors. The current turmoil is being driven by escalating trade tensions and tariffs, prompting discussions among strategists on whether bonds remain a reliable safe haven. Analysts are observing a liquidity crisis as fear grips the market, leading to record volumes in bond ETFs despite the volatility. There are mixed opinions on the state of bonds, with some suggesting they offer better value than stocks during this period of uncertainty, while others advise caution in trading strategies. Active bond managers continue to emphasize after-tax returns as a potential silver lining amid the chaos.