US Treasuries saw a significant surge, erasing most of their losses from the month, following signs that the Trump administration is making efforts to deescalate trade tensions with other nations. This led to a decline in benchmark yields across various maturities. The 10-year Treasury yield dropped by about 5 basis points, settling at 4.28%, while the 30-year yield fell 8 basis points to 4.71%.
Source: https://www.bloomberg.com/news/articles/2025-04-25/treasuries-rally-with-dollar-on-signs-of-easing-trade-tensions