FX.co ★ US 10-Year Yield Holds Steady

The yield on the US 10-year Treasury note remained stable around 4.45% on Tuesday. This occurs as market sentiment shows signs of leveling off, despite the resurging trade tensions and weaker-than-expected economic figures. On Monday, it was reported that US manufacturing activity had declined more than initially projected in May, with analysts pointing to the disruptive trade policies during the Trump administration as a key factor. Concerns deepened when President Donald Trump announced intentions to increase steel import tariffs to 50%, a step that has been criticized by major trading partners. Furthermore, tensions with China heightened as Beijing dismissed Trump’s allegations of breaching a temporary trade agreement and warned of potential retaliatory actions if deemed necessary. Investors are attentively observing a new series of economic reports expected on Tuesday, which include data on job openings, durable goods orders, and factory orders, to gain further insights into the US economy's condition and trajectory.