This week's Treasury selloff just paid off big for early movers. After President Trump signaled he's backing away from his European tariff threats—part of his broader Greenland acquisition strategy—bond markets responded immediately. Investors who positioned themselves ahead of this policy pivot are seeing solid gains. The reversal shows how quickly geopolitical tensions can impact fixed income, especially when trade threats get walked back. Worth paying attention to if you're tracking how policy uncertainty shapes Treasury valuations.