The yield on the 10-year US Treasury note rose to around 4.05% on Tuesday, rebounding after a sharp drop in the previous session as investors weighed ongoing US trade uncertainties. In a key development, global logistics giant FedEx filed a lawsuit seeking a full refund following the US Supreme Court’s decision to overturn President Donald Trump’s emergency tariffs. In response to the ruling, Trump threatened to increase global tariffs from 10% to 15% and warned that countries that “play games” with existing trade agreements could face even higher duties.
On the monetary policy front, Fed Governor Christopher Waller said on Monday that he is open to leaving interest rates unchanged in March if upcoming February employment data point to a stronger US labor market. At the same time, geopolitical attention remains focused on US-Iran negotiations, which are set to resume on Thursday.
