FX.co ★ US 10-Year Yield Stabilizes

The yield on the US 10-year Treasury note remained steady above 4.42% on Monday, halting a three-day decline as investors shifted their attention to trade developments and anticipated economic indicators. US Commerce Secretary Howard Lutnick confirmed that August 1 serves as a firm deadline for countries to commence tariff payments, although negotiations are anticipated to proceed. Market participants are also gearing up for the release of June's leading indicators, which offer foresight into forthcoming economic conditions. Meanwhile, on the policy front, Federal Reserve Governor Christopher Waller reiterated his support for a rate cut in July, citing a softening labor market and subdued inflation risks. He stressed that any inflationary impacts stemming from tariffs would likely be temporary and noted that inflation expectations remain stable, allowing the Fed flexibility to adjust monetary policy.