‘I’m Goin’ Long Tinfoil Hats’: Trump Tariff Broadside Triggers Massive Bond Rally

US yields plunged on Thursday as a morning bond rally catalyzed by weak manufacturing activity gathered considerable momentum in the afternoon after Donald Trump restarted the trade war with China. 10 year yields dove 13bps to 1.89%, a new "lowest since November 2016" moment, while 30 year yields fell 10bps to 2.43%, the lowest since October of 2016. "The initial two-minute period following Trump’s tweets saw a 107.6k TYU9 trade" Bloomberg notes, recapping a surge in futures volume. "Overall