The U.S. Treasury market is taking hits as traders globally unwind bond positions. What's driving the selloff? Tariff uncertainty. When trade policy becomes unpredictable, investors get nervous—they dump bonds for cash and safety. This isn't just a Wall Street thing either. From European sovereigns to Asian debt instruments, the pressure is spreading across borders. The kicker? Higher yields on government debt can reshape capital flows worldwide, including how digital asset markets react to macro shifts. Worth watching.