In the bond market, treasuries moved sharply higher due to their appeal as a safe haven amid the tariff uncertainty. Subsequently, the yield on the benchmark ten-year note which moves opposite of its price, slumped 5.7 bps to 4.02%.
U.S. Treasury yields fell to start the week as investors weighed President Donald Trump’s latest tariffs after the Supreme Court struck down much of the duties on Friday.
The 10-year Treasury yield was down more than 5 bps at 4.03%. The 30-year Treasury bond yield was more than 2 bps lower at 4.70%. The 2-year Treasury note yield pulled back 4 bps to 3.44%.