2025.08.0802:43:52UTC+00US 10-Year Yield Holds Near 3-Month Low

On Friday, the yield on the 10-year US Treasury note remained steady at approximately 4.25%, lingering close to recent three-month lows. This stability comes as expectations for Federal Reserve interest rate reductions have intensified and worries over the economic repercussions of newly imposed tariffs have grown. The release of weekly jobless claims figures, which surpassed projections, has further heightened concerns about a potentially cooling labor market, especially following last week's disappointing nonfarm payrolls report. In the political realm, President Donald Trump announced his intention to nominate Stephen Miran, current chair of the Council of Economic Advisors, to succeed Adriana Kugler on the Federal Reserve Board of Governors. Meanwhile, market watchers are assessing reports suggesting that Fed Governor Christopher Waller is a leading candidate for the top position at the central bank, which has strengthened predictions for a rate cut in September. On the trade side, President Trump's comprehensive retaliatory tariffs were implemented as of midnight on Thursday, imposing duties ranging from 10% to 41%, and amplifying concerns about their possible adverse effects on the US economy.