FX.co ★ US 10-Year Treasury Yield Rise to 4-Week High

The yield on the US 10-year Treasury climbed to 4.355% on Wednesday, marking its highest level in four weeks as investor unease about the economy intensifies. Concerns about a potential recession continue to grow, with many anticipating an economic slump by late 2025. Investor anxiety has been exacerbated by President Trump’s fluctuating tariff policies, which have sparked fears of a global trade conflict that could hinder US economic growth. The pressure has been compounded by weak economic indicators—consumer confidence has fallen to its lowest point in 12 years, and new orders for non-defense capital goods, excluding aircraft, a vital indicator of business investment, decreased for the first time in four months. Investors are now keenly awaiting the forthcoming PCE inflation report, which could significantly impact Federal Reserve policy. Should inflation prove persistent, the Fed may opt to postpone rate cuts, potentially pushing yields even higher.