Treasury yields: Trump-tariff fueled sell-off continues

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Traders work on the floor at the New York Stock Exchange in New York City, U.S., April 14, 2025.

Brendan McDermid | Reuters

Treasury yields rose on Tuesday after a brief pullback on Monday, resuming a sell-off streak as investors continue to move away from U.S. government debt.

At 3:59 a.m. ET, the benchmark 10-year Treasury rose almost 2 basis points to trade at 4.384%. The 2-year Treasury yield added 4 basis points to 3.872%.

One basis point is equal to 0.01% and yields move inversely to prices.

The development follows a week of volatility in the bond market, which saw an over 50-basis-point surge in the 10-year Treasury yield.

Although U.S. President Donald Trump’s 90-day tariff pause on tariffs briefly pulled yields lower, the 10-year yield still rebounded to finish above 4.5% on Friday.

The scale of the sell-offs fueled questions about who are the ones letting go of Treasurys.

“Investors in the U.S. have worried for decades that…

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