U.S. Court Ruling Pushes 30-Year Treasury Yield Above 5%
U.S. Treasury yields are increasing, with the 30-year yield surpassing 5% and the 10-year rising to 4.50%. This follows a ruling by the U.S. Court of International Trade declaring President Trump's tariff measures illegal, stating Congress has exclusive authority over trade regulations.
The court's decision nullifies general tariffs but does not impact sector-specific tariffs on steel and autos. The administration plans to appeal this ruling.
Key points:
- 10-year yield increased from 4.40%
- Bond market reacts sensitively to policy changes
- Tensions between the U.S. and China persist
- U.S. actions include halting chip sales to China and revoking Chinese student visas
- Dollar Index (DXY) rose to 100 from 98
- Bitcoin and gold remain stable amid uncertainty