Treasury yields hold steady as Trump's trade war intensifies

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U.S. Treasury yields held steady on Thursday as President Donald Trump’s trade war intensified, with Brazil being hit with fresh levies and new tariffs on copper imports being announced.

At 6 a.m. ET, the 10-year Treasury yield was little changed at 4.35%, and the 30-year yield was around 1 basis point higher at 4.882%. The 2-year yield was down less than a basis point at 3.853%.

One basis point is equal to 0.01%. Yields and prices have an inverse relationship.

Trump slapped 50% tariffs on Brazil in an announcement late Wednesday, which is set to go into effect from Aug. 1. It’s partly in retaliation against the ongoing prosecution of the country’s former president, Jair Bolsonaro.

Treasury yields hold steady as Trump's trade war intensifies

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