The dollar slumped to a three-year low on Friday and Treasury yields climbed steeply as US President Donald Trump’s trade policy continued to send shockwaves through global markets. An index of the dollar’s value against currencies of big US trading partners fell as much as 1.8 per cent on Friday to 99 before recovering to 99.7. The rare move below 100 took the dollar to its lowest level since April 2022.
The benchmark 10-year Treasury yield rose 0.19 percentage points to 4.58 per cent, surpassing the highs reached on Wednesday when Trump reversed most of his so-called reciprocal tariffs. It fell back to 4.54 per cent by mid-morning in New York. Bond yields move inversely to prices.
Live News: Dollar Slumps To 3-Year Low as Treasury Yields Soar
Will The Bonds Market Bring Down Donald Trump Like It Did Liz Truss? | The Independent
No but I'm liking the Liz Truss comparisons.
Last edited by Ryuu96 - on 11 April 2025
