US Treasury 2 Year Note ETF Price & Performance (UTWO)

A sharp sell-off in US Treasuries has gripped markets, with yields on the 10-year note surging by nearly 50 basis points in April. Key drivers include equity market volatility, forced sales from margin calls, and inflation fears due to new US tariffs. Fiscal anxieties and rumors of foreign divestment are further unsettling investors.123

Amid heavy selling of longer-dated US Treasuries, investors are pouring money into short-term government bond funds, seeking safety and liquidity. April has seen $18.1 billion in inflows to these funds, even as overall US bond market funds experienced significant outflows, highlighting investor caution as recession and tariff fears mount.45

US Treasury yields have soared to multi-month highs despite a sharp equity sell-off, defying the traditional flight-to-safety pattern. The 10-year yield climbed above 4.5% as forced liquidations and concerns over foreign demand surfaced, prompting debate about whether Treasuries are losing their reputation as a global safe haven.673