The "New World Order" in the U.S. Treasury market has sparked concerns about long-term U.S. bonds.

The "selling U.S. bonds" transactions that swept the market earlier in April may have a lasting impact on investors' willingness to hold the longest-term U.S. government bonds. For bond managers at BlackRock, Brandiwine Global Investment Management, and Vanguard Group, the problem lies in the fact that as the inauguration of President Trump approaches 100 days, he has created more and more unknown variables, forcing traders to focus on a wide range of issues beyond the potential direction of interest rates. This has led bond buyers to question the traditional safe-haven status of U.S. government debt and demand higher yields for longer-term bonds.