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From The Times and the Sunday Times, this is the story.

I'm Luke Jones.

The US is involved in no end of complex crises around the world.

But what about the self-inflicted one at home?

On the morning and the afternoon of April 9th, so morning and afternoon, London time,

I remember being at my desk and having a weird, is this the beginning of the end moment? Something really funky happened in the bond market, which is, so what's been

happening since the tariffs were announced is people bought bonds. They went into safe haven bonds,

they bet on recession, and yields went down. Guess what started happening yesterday? The opposite.

Because I was looking at my screens, which all show big financial lines, were all going up and they were all showing these extreme, extreme movements in government borrowing costs for the US.

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