FX.co ★ 10-Year Treasury Yield Falls for 3rd Session

On Thursday, the US 10-year Treasury note yield decreased to 4.32%, marking the third consecutive session of declines. This shift came as investors assessed the implications of the ongoing trade war and broader economic outlook. Hopes for a quick resolution lessened amidst various mixed signals, weakening market sentiment. US Treasury Secretary, Scott Bessent, expressed skepticism about a swift resolution to the trade impasse with China, highlighting that President Trump has not proposed a unilateral removal of tariffs. Concurrently, China’s Commerce Ministry urged the United States to demonstrate sincerity if it wishes to resume negotiations and recommended lifting all unilateral tariffs imposed on China. In economic data, core durable goods orders were below expectations, indicating that current policy uncertainties are causing businesses to delay investing in new equipment.