Market Reacts to Tariff Pause

The 30-year US Treasury bond yield experienced a significant rise on Thursday, increasing by over 10 basis points. This movement occurred as the market digested President Donald Trump's recent announcement of a 90-day halt on reciprocal tariffs, aimed at reducing trade tensions.

Volatility in Bond Markets

Despite the temporary relief from tariffs, the bond markets showed signs of volatility, following a notable selloff the previous day. However, a stronger-than-anticipated 10-year Treasury auction provided some stability, though investor wariness remains high.

Yield Movements

By 11:53 am ET, the 10-year Treasury yield had risen by 2.3 basis points to 4.379%, while the 30-year yield saw an increase of 11.2 basis points, reaching 4.847%.