FX.co ★ US 10-Year Yield Holds Advance And Tariff Developments

The yield on the U.S. 10-year Treasury note remained above 4.4% on Wednesday, following five consecutive sessions of increases. This rise comes as investors assess the latest tariff measures announced by President Donald Trump. The president confirmed that the new tariffs targeting 14 countries would be implemented as planned on August 1, without any changes or postponements. Additionally, he announced a 50% tariff on copper imports and hinted at the possibility of further sector-specific tariffs. In a more forceful action, the president suggested imposing tariffs of up to 200% on pharmaceutical imports, although he mentioned these would be deferred by 12 to 18 months to allow the industry time to adapt. Market participants are now eagerly anticipating the release of the Federal Open Market Committee minutes for insights into the Federal Reserve’s upcoming monetary policy decisions.