Ten-year yield drops to 3.985 percent after China retaliates with tariffs

From NASDAQ: 2025-04-04 15:19:00

Treasuries rose as bond prices surged, with the ten-year yield dropping to 3.985 percent after China announced retaliatory tariffs on U.S. goods. China imposed a 34 percent tariff on U.S. imports, matching Trump’s planned tariff on Chinese goods. Trump criticized China’s move, leading to concerns of a trade war. Powell mentioned the economic effects may include higher inflation and slower growth. Traders overlooked strong employment data, focusing on tariff developments. The Federal Reserve will wait for more clarity before adjusting interest rates. Next week, reports on inflation and consumer sentiment are anticipated.



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