TOKYO — Asian bonds look to be more resilient than those issued in the U.S., largely supported by the region’s central banks easing rates and President Donald Trump’s unstable tariff policy eroding the idea of U.S. exceptionalism.
Trump’s punishing tariffs — amounting to 145% on Chinese goods — roiled markets last week. Stocks worldwide tanked before paring some losses. Yields on U.S. Treasurys and Japanese government bonds rose, sparking fears of a global recession.
