{"id":61999,"date":"2026-05-15T22:38:28","date_gmt":"2026-05-16T02:38:28","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-shaken-by-treasury-yield-surge-and-trumps-taiwan-warning\/61999\/"},"modified":"2026-05-15T22:38:28","modified_gmt":"2026-05-16T02:38:28","slug":"global-markets-shaken-by-treasury-yield-surge-and-trumps-taiwan-warning","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-shaken-by-treasury-yield-surge-and-trumps-taiwan-warning\/61999\/","title":{"rendered":"Global Markets Shaken by Treasury Yield Surge and Trump\u2019s Taiwan Warning"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-shaken-by-treasury-yield-surge-and-trumps-taiwan-warning\/61999\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-shaken-by-treasury-yield-surge-and-trumps-taiwan-warning\/61999\/#Treasury_Yields_Spike_as_Recession_Fears_Mount\" >Treasury Yields Spike as Recession Fears Mount<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-shaken-by-treasury-yield-surge-and-trumps-taiwan-warning\/61999\/#Trump_Shifts_Stance_on_Taiwan_Following_Xi_Summit\" >Trump Shifts Stance on Taiwan Following Xi Summit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-shaken-by-treasury-yield-surge-and-trumps-taiwan-warning\/61999\/#Healthcare_Amgen_Crisis_and_AstraZeneca_Expansion\" >Healthcare: Amgen Crisis and AstraZeneca Expansion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-shaken-by-treasury-yield-surge-and-trumps-taiwan-warning\/61999\/#Tech_and_Energy_Legal_Settlements_and_Supply_Chains\" >Tech and Energy: Legal Settlements and Supply Chains<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-shaken-by-treasury-yield-surge-and-trumps-taiwan-warning\/61999\/#Global_Briefs_Diplomacy_and_Trade\" >Global Briefs: Diplomacy and Trade<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>The 30-year Treasury yield surged to 5.09%<\/strong>, marking its third-highest level since the Global Financial Crisis and triggering the <strong>worst day for US stocks since March<\/strong>.<\/li>\n<li><strong>US household employment fell for the fourth consecutive month<\/strong>, a development analysts warn is flashing <strong>underlying recession signals<\/strong> despite resilient headline payroll data.<\/li>\n<li><strong>President Donald Trump warned Taiwan against formal independence<\/strong> following a high-stakes summit with Xi Jinping in Beijing, questioning the feasibility of US military intervention &quot;9,500 miles away.&quot;<\/li>\n<li><strong>Amgen (<a href=\"\/stock\/AMGN\">AMGN<\/a>) faced a major safety crisis<\/strong> as its rare-disease drug Tavneos was linked to <strong>20 deaths and 22 cases of fatal liver injury<\/strong> in Japan.<\/li>\n<li><strong>Energy markets saw a breakthrough<\/strong> as Japan received its first <strong>LNG shipment via the Strait of Hormuz<\/strong> since the waterway&#39;s de facto closure, though security risks remain high.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Treasury_Yields_Spike_as_Recession_Fears_Mount\"><\/span>Treasury Yields Spike as Recession Fears Mount<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The US government bond sell-off accelerated on Friday, sending the <strong>30-year Treasury yield to 5.09%<\/strong>. This surge in borrowing costs represents one of the most significant moves since the 2008 financial crisis, leaving yields just <strong>8 basis points shy of a 19-year high<\/strong>.<\/p>\n<p>The bond market volatility spilled over into equities, with <strong>US stocks posting their worst daily performance since March<\/strong>. Investors are increasingly concerned by a disconnect in labor data; while headline payrolls remain steady, <strong>household employment has declined for four straight months<\/strong>, a trend often viewed as a precursor to a broader economic downturn.<\/p>\n<p><em>Market participants noted that the rising yields are making US debt increasingly attractive to international investors, yet the rapid pace of the move is destabilizing broader financial conditions.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Trump_Shifts_Stance_on_Taiwan_Following_Xi_Summit\"><\/span>Trump Shifts Stance on Taiwan Following Xi Summit<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In a major geopolitical shift, <strong>President Donald Trump cautioned Taiwan against declaring formal independence<\/strong> after concluding two days of talks with Chinese President Xi Jinping in Beijing. Trump stated he made <strong>&quot;no commitment&quot;<\/strong> regarding the defense of the island and questioned why the US would risk a war thousands of miles from its shores.<\/p>\n<p>While Trump claimed to have secured <strong>&quot;fantastic&quot; trade deals<\/strong> with China\u2014including an initial commitment from Beijing to purchase <strong>200 aircraft from Boeing (<a href=\"\/stock\/BA\">BA<\/a>)<\/strong>\u2014the lack of a security guarantee for Taipei has unsettled Asian partners. <strong>Taiwan&#39;s government confirmed its readiness to defend its territory<\/strong>, while Japanese officials expressed relief that Trump still appears to adhere to the broader status quo for now.<\/p>\n<p><em>Diplomatic observers suggested that Trump\u2019s rhetoric signals a move away from &quot;strategic ambiguity&quot; toward a more transactional &quot;America First&quot; approach to cross-strait tensions.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Healthcare_Amgen_Crisis_and_AstraZeneca_Expansion\"><\/span>Healthcare: Amgen Crisis and AstraZeneca Expansion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Amgen (<a href=\"\/stock\/AMGN\">AMGN<\/a>)<\/strong> shares faced pressure after reports that <strong>20 patients in Japan died<\/strong> after taking the rare-disease drug <strong>Tavneos<\/strong>. Partner firm <strong>Kissei Pharmaceutical<\/strong> has urged doctors to stop prescribing the medication to new patients following reports of <strong>vanishing bile duct syndrome<\/strong> and other fatal liver injuries.<\/p>\n<p>In contrast, <strong>AstraZeneca (<a href=\"\/stock\/AZN\">AZN<\/a>)<\/strong> and <strong>Daiichi Sankyo (<a href=\"\/stock\/DSNKY\">DSNKY<\/a>)<\/strong> received a boost as the US expanded the approval of <strong>Enhertu<\/strong>. The drug is now indicated for two new uses in treating <strong>HER2-positive early breast cancer<\/strong>, a move expected to grow its treatable patient population by approximately <strong>29,000 individuals<\/strong>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tech_and_Energy_Legal_Settlements_and_Supply_Chains\"><\/span>Tech and Energy: Legal Settlements and Supply Chains<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Alphabet (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>)<\/strong>-owned YouTube and <strong>Snap (<a href=\"\/stock\/SNAP\">SNAP<\/a>)<\/strong> have reached a first-of-its-kind settlement with a Kentucky school district. The suit alleged that <strong>social media addiction<\/strong> disrupted learning environments, and the settlement could set a precedent for over <strong>1,200 similar lawsuits<\/strong> nationwide that carry a theoretical liability of <strong>$400 billion<\/strong>.<\/p>\n<p>In energy news, <strong>Japan is set to receive its first LNG shipment<\/strong> through the Strait of Hormuz since the channel&#39;s de facto closure earlier this year. While this offers relief to energy-dependent Japan, regional tensions remain high as <strong>debris from airborne objects<\/strong> that struck a South Korean vessel in the strait recently arrived in Seoul for investigation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Global_Briefs_Diplomacy_and_Trade\"><\/span>Global Briefs: Diplomacy and Trade<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Indian Prime Minister Narendra Modi<\/strong> arrived in the Netherlands for talks with <strong>Prime Minister Rob Jetten<\/strong>, while simultaneously denying rumors that India would impose new <strong>taxes on foreign travel<\/strong>.<\/li>\n<li><strong>Japan&#39;s restaurant industry<\/strong> is struggling with a labor shortage following a <strong>visa pause<\/strong> for high-demand foreign workers, threatening the recovery of the hospitality sector.<\/li>\n<li><strong>North Korean officials<\/strong> met with Vietnam\u2019s Foreign Minister in Pyongyang to discuss strengthening bilateral ties, marking a rare high-level diplomatic exchange for the isolated state.<\/li>\n<li><strong>Australia\u2019s fuel supply<\/strong> has officially surpassed pre-war levels, though the government remains undecided on extending <strong>fuel excise relief<\/strong> for consumers.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways The 30-year Treasury yield surged to 5.09%, marking its third-highest level since the Global Financial Crisis and triggering 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