10-year Treasury yield little changed as U.S. trade relations remain in focus - NBC 5 Dallas-Fort Worth

Published 1 day ago• 2 minute read

yield was moved lower by nearly 3 basis pointsr during early morning trade to 4.387%. The 2-year yield was off 2 basis points to 3.926%. Yields on the 5-year note and long-dated Treasurys were off.

One basis point equals 0.01%. Bond yields and prices move in opposite directions.

Thursday morning's bond moves came after the Trump administration hinted that the 90-day pause on "reciprocal" tariffs could be extended for some trading partners. With the July 9 deadline approaching, Treasury Secretary Scott Bessent said an extension could be granted to 18 major trading partners provided they show "good faith" in ongoing negotiations.

Investors are also still digesting Washington and Beijing's framework trade agreement, negotiated in London earlier this week. On Wednesday, President Donald Trump said it was a "done" deal which would see China supply rare earth minerals while the U.S. levies 55% tariffs on the world's second-biggest economy.

The moves came the day after a $39 billion reopening of the benchmark 10-year note showed that investor demand for Treasurys is still high despite rising concern over government debts and deficits. Investors will be watching a $22 billion auction of 30-year bonds Thursday at 1 p.m. New York time.

In its monthly report, the Treasury Department said the budget shortfall for May totaled $316 billion. While that marked a 9% decrease from the same period in 2024, the $1.36 trillion fiscal year-to-date deficit is 14% higher.