FX.co ★ Treasury Yields Fall from Recent Highs

The yield on the US 10-year Treasury note declined by approximately 6 basis points to 4.31% on Friday, retreating from the one-month highs observed the previous day. Investor confidence remains subdued amid mounting concerns about the US economic outlook and the potential ramifications of the ongoing trade war. Concurrently, market participants evaluated essential economic indicators, noting that personal spending rose marginally less than forecasted, whereas core PCE prices saw a greater-than-expected increase, indicating ongoing inflationary pressures. Additionally, new reciprocal tariffs are scheduled to commence on April 2nd.