US Treasury yields remained relatively stable on Monday as investors assessed the state of the US economy and weighed the impact of President Trump’s latest tariff rates.
The benchmark 10-year note yield slipped down more than 2 basis points to 4.198%, while the 30-year bond yield dropped by less than 2 basis points to 4.795%. The 2-year Treasury note yield also fell 1 basis point to 3.694%.
The weaker-than-expected jobs report in July and downward revision of prior months’ figures still loom over the market, with investors worried about the impact on the economy. However, few fireworks are expected from this week’s economic data, including Tuesday’s purchasing managers’ index release.
President Trump has also announced several personnel changes, including firing the Bureau of Labor Statistics commissioner and Federal Reserve Governor Adriana Kugler’s resignation. This allows President Trump to push for lower interest rates at a time when he is pushing for tariffs on dozens of countries.
The July jobs report showed a 4.8% decline in factory orders, which was slightly less than economists’ expectations of a 5% decrease.
Source: https://www.cnbc.com/2025/08/04/us-treasury-yields-investors-weigh-the-state-of-the-us-economy.html