US Treasuries React to Trade Uncertainties

In a significant market movement, United States treasuries experienced a rise in yields this Wednesday. This shift comes as China announces an increase in tariffs on US imports to a staggering 84%, casting further shadows over trade relations between the two economic giants.

Wall Street Feels the Pressure

The announcement has sent shockwaves through Wall Street, with futures taking a notable plunge. Investors are closely watching the developments, as the trade tensions between the US and China show no signs of abating.

Market Predictions Amidst Turmoil

Treasury Secretary Scott Bessent offers a glimmer of hope, predicting a calming bond market in the near future. He anticipates that the commencement of new US trade deals will bring much-needed certainty to the markets.

Key Yield Movements: The 2-year note yield saw an 8.5 basis points increase, reaching 3.821%. Meanwhile, the 10-year yield surged by 21 basis points to 4.47%, and the 30-year yield climbed 20 basis points to 4.924%.