Bond yields spike as China unveils tariffs - Breaking The News

Bond yields spike as China unveils tariffs

9 April

1 min read

EPA-EFE/MICHAEL REYNOLDS

United States treasuries saw their yields rise on Wednesday in response to further trade uncertainties. China announced it is increasing tariffs on goods imported from the US to 84%, pushing Wall Street down once more. Meanwhile, Treasury Secretary Scott Bessent said he expects the bond market to "calm down" and predicts more certainty once the US starts making trade deals.

The 2-year note yield gained 8.5 basis points, standing at 3.821% at 8:27 am ET. The 10-year yield jumped by 21 basis points to 4.47%, while the 30-year yield added 20 basis points, landing at 4.924%.

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