U.S. Treasury yields were little changed on Friday as investors remained optimistic about the U.S. striking more trade deals on tariffs with international trade partners.
The 10-year Treasury yield gained one basis point to 4.386%. The 2-year Treasury yield edged lower by less than one basis point to 3.889%.
One basis point is equal to 0.01% and yields and prices move in opposite directions.
Investors are hoping the U.S. will strike more trade deals to bring down tariffs on international trade partners after the U.K. became the first country to secure a deal on Thursday since U.S. President Donald Trump implemented “reciprocal” tariffs in April.
A fact sheet from the White House stated that the baseline levy of 10% will remain on the U.K.
There is optimism that more trade deals will be announced, with investors looking ahead to Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer set to meet their Chinese…
