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The 10-year Treasury yield climbed higher Friday, adding to its steep weekly rise, as dizzying trade moves by President Donald Trump caused investors to dump U.S. assets in favor of other global safe havens.

The benchmark 10-year Treasury yield advanced 9 basis points to 4.486%. It earlier jumped to its highest level since Feb. 13. The 2-year Treasury yield climbed 12 basis points on the day at 3.97%.

One basis point is equal to 0.01% and yields move inversely to prices.

The 10-year yield this week has risen more than 50 basis points this week after ending last week around 4%, marking one of the biggest spikes on record.

The move marks a stark reversal in how investors view Treasurys. Traditionally, investors have turned to U.S. debt as a safe haven during tumultuous times. That doesn’t appear to be the case this week as China and Japan appeared to be selling Treasurys amid the heightened trade tensions, traders speculated.

The move higher may have complicated the White House’s approach to trade.

Trump announced a 90-day tariff pause on most countries on Wednesday and reduced duties to a universal rate of 10%. The reprieve excluded China, which saw U.S. tariffs on Chinese imports rise to 145%. China struck back against the U.S. on Friday, raising its duties on American goods from 84% to 125%. While some administrations officials have said this reversal was always the plan, the dramatic spike in yields likely pressured them to pause.

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