FX.co ★ Treasury Yields Fall for 5th Session

The US 10-year Treasury yield slipped to 4.37% on Tuesday, marking its fifth consecutive decline and reaching its lowest point in over a week. Investor sentiment remains cautious amid ongoing trade tensions and renewed concerns about the Federal Reserve's autonomy. The United States continues discussions with major trading partners, while the White House has hinted that President Trump might announce additional tariffs or new trade deals before the August 1st deadline, although no announcements have been made thus far. Treasury Secretary Scott Bessent revealed plans to confer with Chinese officials next week, fueling optimism that the August 12th deadline related to China negotiations might be extended. In an address concerning the speculation about the Federal Reserve's leadership, Bessent remarked, "There’s nothing that tells me that [Chair Powell] should step down right now," following his previous day's comments about the need to reassess the Fed as an institution. The Federal Reserve is scheduled to meet next week, with no anticipated changes to the federal funds rate.