The U.S. dollar has reached its lowest level in three years, with the U.S. Dollar Index declining approximately 10% since its January peak, marking the worst start to a year since at least 2005. This decline coincides with a notable rise in the 30-year Treasury bond yield, which has climbed to 4.87%, and a 10 basis point increase in the 10-year Treasury yield over the past month, a movement not seen since the double-dip recession of 1981. Concurrently, the S&P 500 has dropped by 10% over the past month and is down 16% year-to-date, reflecting a broad sell-off in U.S. assets. Market volatility has been driven by concerns over tariff risks, doubts about Federal Reserve policy, and fears of stagflation. Foreign investors have been rapidly divesting from U.S. assets, contributing to the dollar's underperformance against nearly every major currency this year. The current market conditions represent a rare episode of simultaneous declines in the U.S. dollar and equities alongside rising Treasury yields, a combination last seen during the early 1980s recession period.