Internet reports that Hassett, director of the U.S. National Economic Council, said that fluctuations in the bond market were not the direct reason for Trump's suspension of tariffs, but may add "a little urgency" to the decision. "Everything is going in an orderly manner. There is no doubt that the government bond market reacted like this yesterday, and you know, it's time for action, and I think it might be more urgent. But it's going to happen,"Hassett said. Overnight Wednesday, the yield on the 10-year Treasury note rose above 4.5%, the yield on the 30-year Treasury note soared above 5%, and bond prices plummeted.