U.S. Treasury yields edged higher on Thursday as investors continued to digest the latest wave of criticism from former President Donald Trump aimed at Federal Reserve Chair Jerome Powell. The remarks stirred concerns about political pressure on the central bank, unsettling markets and briefly jolting bond prices.
Across the Treasury market, yields climbed modestly. The yield on the benchmark 10-year note rose by one basis point to 4.47%, while 30-year bonds remained elevated above the 5% threshold. The movement came a day after markets were rattled by reports suggesting Trump was considering removing Powell from his position—a possibility that sent shorter-dated yields downward on Wednesday in anticipation of potentially quicker interest-rate cuts. However, the selloff eased after Trump clarified that he doesn’t currently intend to fire the Fed chief.
Despite walking back the threat, Trump did not hold back his criticism….
