US Treasuries React to Trade Uncertainties

In a significant move that has sent shockwaves through the financial markets, China has announced an increase in tariffs on goods imported from the US to a staggering 84%. This development has not only pushed Wall Street into a downward spiral but also caused a notable spike in US Treasury yields.

Market Reactions and Official Statements

The immediate aftermath saw the 2-year note yield climb by 8.5 basis points to 3.821%, while the 10-year yield and 30-year yield jumped by 21 and 20 basis points to 4.47% and 4.924%, respectively. Amidst the turmoil, Treasury Secretary Scott Bessent offered a glimmer of hope, stating his expectation for the bond market to stabilize as the US begins to forge new trade deals.