U.S. Treasury yields were little changed 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.
At 3:47 a.m. ET, the 10-year Treasury
yield was down less than 1 basis point to 4.076%. The 30-year Treasury bond yield was also less than 1 basis point lower to 4.72%. The 2-year Treasury note yield was also nearly flat at 3.47%.
One basis point is equal to 0.01%, and yields and prices move in opposite directions.
On Friday, the Supreme Court invalidated a huge portion of Trump’s “reciprocal” tariffs in a 6-3 ruling, in which they said that the president wrongfully used the International Emergency Economic Powers Act (IEEPA) to enforce tariffs. They said that the law that underpins the import duties “does not authorize the President to impose tariffs.”
