FX.co ★ US 10-Year Yield Steady as Tariff Deadline Moved

The yield on the US 10-year Treasury note remained around 4.33% on Monday as markets processed President Donald Trump's announcement that significant reciprocal tariffs would begin on August 1. Treasury Secretary Scott Bessent previously mentioned that tariffs would return to April 2 levels for countries that have not yet finalized a trade agreement with the US by this deadline, thereby allowing additional time for negotiations. Currently, only China, the UK, and Vietnam have reached partial agreements with Washington. The benchmark yield experienced an increase on Friday following the release of robust labor market data, which reduced pressure on the Federal Reserve to lower interest rates. In June, the US economy added 147,000 jobs, surpassing predictions, while data for May and April were adjusted upward. Additionally, the unemployment rate unexpectedly fell to 4.1%, while wage growth slowed to 0.2%, falling short of expectations.