
Treasury yields fall after a wild week as traders assess unexpected U.S. tariff exemptions
CNBC: U.S. Treasury yields fell Monday as investors weighed a surprise tariff exemption after a wild week of trading in the bond market that unnerved traders.
At 5:44 a.m. ET, the benchmark 10-year Treasury was down nearly 5 basis points at 4.444%. The 2-year Treasury note yield slipped 3.4 basis points to 3.92%.
One basis point is equal to 0.01% and yields move inversely to prices.
Smartphones, computers, electronic devices and components like semiconductors are now exempt from reciprocal tariffs, President Donald Trump announced over the weekend.
The White House said late Friday that the exemptions were made because Trump wants to ensure that companies have time to move production to the United States. However, Trump suggested on Sunday that the exemptions aren’t permanent.
The moves come after a week of unusual volatility in the bond market, with the 10-year yield rising over 50 basis points — one of the biggest increases on record. This comes even after Trump announced a 90-day tariff pause on goods from other countries last week. While the 10-year yield briefly dipped on the news, it still scaled back above 4.5% on Friday. Read More…
Opinion: Why did I start the week with an article about bonds? In 14 years of writing opinions on the financial markets, this post shows that a lot has changed. The bond market is now in charge of stocks, real estate, gold, bitcoin and just about every store of value on the planet.
And who is in charge of setting short term interest rates but the Federal Reserve, the culprit in all of the uncertainty and craziness in the markets.
Friday April 11, 2025 Yahoo Finance:
Fed official says ‘absolutely’ ready to intervene in financial markets
bitcoin, bonds, CBDC, economic collapse, gold, hyperinflation, mark of the beast, stocks