10.04.202504:08:35UTC+00US 10-Year Yield Eases as Tariff Relief Calms Markets

The yield on the US 10-year Treasury note declined to approximately 4.28% on Thursday, following a previous high of 4.5% in the prior session. This drop came after President Trump announced a temporary halt on some of the newly imposed tariffs from last week, which alleviated the intense selling pressure on Treasuries due to escalated trade tensions. However, despite this temporary relief, Trump raised tariffs on Chinese imports to 125% as a response to retaliatory measures from Beijing. The European Union might also be exempt from the tariff pause, following their declaration of countermeasures against the United States. Earlier in the week, Treasury yields surged on reports of foreign selling, indicating diminishing confidence in the stability of US fiscal and trade policies. Investor focus now shifts to the forthcoming US inflation data, expected on Thursday, which could provide further insight into the economic outlook and possible actions by the Federal Reserve.