US 10-year treasury yield drops to 6-month low after Donald Trump’s sweeping tariff plan

global trade war. The 10-year Treasury yield fell by 11 points to 4.085 per cent. This is the lowest level in six months while the two-year yield dropped by 9.5 basis points to 3.809 per cent.
The broader bond market, as per reports, echoed this trend, with the 30-year Treasury yield slipped to 4.44 per cent. The 1-year Treasury yield declined to 3.957 per cent. The fall in yields is an indicator of the shift in investor sentiment towards safer assets amid looming economic uncertainty.

Trump’s tariff plan sparks global market turmoil

According to a CNBC report, Trump’s executive order, which was signed on Wednesday, introduced a baseline tariff of 10 per cent on all imports effective from April 5. Additionally, it imposed steep tariffs on more than 180 countries. As per the report, China faces a 34 per cent tariff, the European Union faces 20 per cent tariff, Vietnam faces 46 per cent tariff, and Taiwan will see 32 per cent tariff.

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Reportedly, Trump defended his move of levying tariffs. He said that the US will charge the countries approximately half of what they have charged Washington. However, the announcement sent shockwaves through financial markets and the Wall Street indices plunged.

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Before the market opened, S&P 500 futures fell 3.4 per cent, Dow Jones Industrial Average futures dropped 2.8 per cent, and Nasdaq futures tumbled 3.8 per cent, the media reports added. Major US retailers, including Nike and Best Buy, saw their shares plunge over 11 per cent as companies relying on overseas production braced for higher costs, a Bloomberg report stated.

Recession fears and