<a href="https://archive.ph/EcY0C" rel="nofollow">https://archive.ph/EcY0C</a><p><i>“This is not normal,” Ajay Rajadhyaksha, global chairman of research at Barclays, wrote in a report on Friday. Grappling for an explanation, Mr. Rajadhyaksha pointed to speculation by Asian investors who are selling in response to tariffs, as well as the possible unwinding of highly leveraged bets in the Treasury market. “Whatever the reason, right now, bond markets are in trouble,” he said.</i>