US Treasuries fell on Tuesday, marking the wildest day for bond traders since the pandemic era in March 2020. The decline led to a three basis point increase in yields on 10-year US bonds to 4.21%. This followed a volatile start to the week, where early gains turned into losses. German interest rates also rose, and UK long-end yields edged higher after Monday’s surge, which was the largest since then-Prime Minister Liz Truss’ budget proposal in 2022.
Source: https://www.bloomberg.com/news/articles/2025-04-07/global-yields-whipsaw-higher-as-treasuries-rocked-by-tariffs