FX.co ★ Treasury Yields Little Changed

On Monday, the yield on the US 10-year Treasury note remained steady at approximately 4.36%, close to its two-week high, as investors returned from an extended weekend to assess the latest trade developments. President Trump announced that the US would soon introduce new trade agreements and formally notify countries lacking current agreements about their new tariff levels. He confirmed that reciprocal tariffs are scheduled to be enforced from August 1, allowing a three-week period for further negotiations before the existing 90-day truce concludes on the upcoming Wednesday, July 9. Furthermore, Trump cautioned that any nation aligning with the BRICS bloc's "anti-American policies" would incur an additional 10% tariff on their exports to the US. Additionally, on July 4, President Trump signed into law a significant legislative measure, dubbed the “big, beautiful bill,” which is projected to increase federal deficits by over $3 trillion across the next decade.