FX.co ★ US 10-Year Treasury Yield Falls to 4-Week Low

The yield on the 10-year US Treasury note has dipped approximately 6 basis points, slipping below 4.2%, and approaching a four-week low. This movement reflects investors' shift towards safer assets amid rising trade tensions. The ongoing trade war continues to stir concerns about its potential impact on the global economy, especially with new reciprocal tariffs on US imports—including a 25% levy on automobiles—poised to commence this week. Although President Trump has announced that these tariffs would be broadly applied to all countries, reports indicate he is urging his advisors to take an even more aggressive trade approach, leaving some uncertainty about the exact scope of the measures. Concurrently, traders are preparing for the release of critical economic indicators, such as the upcoming jobs report and ISM PMIs, which will offer additional insights into labor market health and private sector activity. While the Treasury yield has remained relatively stable for March, it has declined around 30 basis points over the quarter.