Unlock the Editor’s Digest for free
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
US government debt rose on Monday as investors scooped up Treasuries following a rout last week driven by concerns over President Donald Trump’s tariffs.
The 10-year Treasury yield, which sets government borrowing costs and underpins pricing on financial assets worldwide, fell 0.11 percentage points on Monday to 4.38 per cent. That puts the 10-year on track to record its first day of declines in yield, which move inversely to price, since April 4.
Monday’s move came after the White House at the weekend temporarily excluded smartphones and other consumer electronics from steep “reciprocal” tariffs it introduced earlier this month.
Trump had already paused most of the reciprocal duties shortly after they went into effect last week, but boosted levies on China in a decision that increased concerns over US…
