Treasury yields fall as concerns grow over Trump's criticism of Powell

In this article

U.S. Treasury yields were lower on Thursday amid renewed concerns that President Donald Trump is considering replacing Federal Reserve Chairman Jerome Powell.

At 4:31 a.m. ET, the 10-year Treasury yield fell 2 basis points to 4.27%, while the 2-year yield was lower over a basis point to 3.76%. The 30-year yield shed 2 basis points to 4.82%.

One basis point is equal to 0.01% and yields and prices move in opposite directions.

On Wednesday, Powell spoke before the Senate Banking Committee and reiterated that the central bank’s main goal was to keep inflation in check, as the effects of Trump’s tariffs still remain unclear.

Treasury yields fall as concerns grow over Trump's criticism of Powell

Related reading

Treasury yields fall as investors look ahead to speech by Fed's Powell

Treasury yields fall as traders rethink Fed rate hikes after Powell comments

Treasury yields fall as investors weigh Fed leadership uncertainty

Treasury yields inch higher as investors await the Fed's preferred inflation…

Treasury yields slip as Fed Chair Powell highlights 'challenging situation'…

Treasury yields move higher as investors await Trump's Fed Chair pick