Investors sold risk assets and headed to the safe havens.
Trade negotiations will be an overhang on the corporate bond market for the near term.
Investors decided to sell first and ask questions later.
They failed to follow the lead of the equity market, which hit new highs.
While the equity markets are hitting record highs, bond are taking a break.
Prices for safe-haven assets such as U.S. Treasury bonds weakened.
Prices for risk assets surged higher and prices on safe-haven assets were pummeled.