FX.co ★ US 10-Year Yield Stabilizes Amid Trump Remarks

The yield on the US 10-year Treasury note remained consistent at approximately 4.31% on Friday, following a decline over the previous three sessions. This stability comes as investors weighed recent statements from President Trump regarding global trade. President Trump confirmed that trade discussions with China are ongoing, despite Beijing's denials. Progress was also noted in ongoing talks with Japan and South Korea, which helped alleviate market anxiety about increasing trade tensions. Earlier in the week, Treasury Secretary Scott Bessent highlighted the necessity of reducing current tariff levels between the US and China to facilitate effective negotiations. Adding to the market's calmer mood, Trump reversed his earlier criticism of Federal Reserve Chair Powell, clarifying that he never planned to replace him. In parallel, Cleveland Fed President Beth Hammack indicated that a rate cut might be possible as soon as June, contingent on supportive economic data, a development that could impact yield trends in the upcoming weeks.