FX.co ★ US 10-Year Yield Rises as Trump Tariffs Mulled

The yield on the 10-year U.S. Treasury note increased slightly to approximately 4.28% on Monday. This movement reflects investor anticipation for more details on President Donald Trump’s trade policy plans as the April 2 deadline for his reciprocal tariffs approaches. Last Friday, Trump suggested potential leniency in his tariff strategy, and over the weekend, reports emerged indicating that the tariffs might be less comprehensive than initially expected, potentially sparing certain industries. This year, Treasury yields have experienced downward pressure due to concerns that tariffs could hinder U.S. economic growth. Concurrently, the Federal Reserve has projected two rate cuts for 2025 but maintains a stance of not rushing to further adjust its policy. Investors are now awaiting the release of the flash U.S. PMI data on Monday for new insights into the economic outlook.