FX.co ★ US 10-Year Yield Stabilizes

The yield on the US 10-year Treasury note steadied at approximately 4.47% on Wednesday, following a decline over the past three sessions, as rising US consumer confidence lifted market sentiment. This optimism received a further boost from President Donald Trump's decision to postpone the implementation of a proposed 50% tariff on the European Union, reducing fears of increasing trade tensions and enhancing the near-term prospects for US assets. Moreover, reports indicate that European leaders have asked major corporations and executives to present their US investment strategies ahead of impending trade discussions with Washington. On the policy side, Minneapolis Federal Reserve President Neel Kashkari reiterated that interest rates should remain unchanged until there is clearer insight into how high tariffs might affect inflation dynamics. Treasury yields faced downward pressure on Tuesday after reports emerged suggesting that Japanese authorities could implement measures to stabilize their bond market, potentially by curbing the issuance of super-long bonds.