Treasury yields mixed after Trump orders removal of Fed Governor Lisa Cook

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U.S. Treasury yields were mixed after U.S. President Donald Trump moved to fire Federal Reserve Governor Lisa Cook from the central bank’s board.

At 4:25 a.m. ET, the 10-year Treasury yield rose more than 2 basis points to 4.3%. The 2-year yield was more than 2 basis points lower at 3.708%.

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

Investors were alarmed after Trump escalated his attacks on the Fed’s independence by announcing the removal of Cook from her position via a post on his platform, Truth Social.