Historically, Trump's confrontational stance towards China has led to increased market volatility and negatively impacted the bond market. The mention of Boeing, a major US company, and the issue of China not taking delivery of planes, may lead to concerns about the US-China trade relationship and potential retaliatory actions from China. This could lead to a decline in investor confidence, causing bond yields to rise and prices to fall. Furthermore, the reference to Fentanyl and the accusation that China is responsible for its flow into the US may escalate tensions, leading to a further deterioration in trade relations and increased uncertainty in the market. The potential for increased trade tensions and decreased market confidence may lead to a bearish outlook for the bond market, with investors seeking safer assets and driving up bond yields.