There is a lot of things going on in bonds now. Given the veracious desire for yield, the yield spread between high quality bonds and junk bonds has narrowed significantly since the 2009 debacle.
Another round of increased tariffs is set to take place. Many aren’t worrying about it since the US imports so much more in Chinese goods than the Chinese imports US goods. The thought is that the US can cause more pain than the Chinese can cause the US.