The 10-year U.S. Treasury yield rose on Tuesday. Investors prepared for a week of important economic data and earnings reports. At 5:45 a.m. ET, the 10-year Treasury yield had risen by 1.9 basis points to 4.235%.
The 30-year Treasury yield was up nearly 3 basis points at 3.713%. Yields and prices move in opposite directions. One basis point equals 0.01%.
One-third of the S&P 500 companies will report quarterly results this week. The tech sector will be a major focus. Big companies will report on Wednesday and Thursday.
Yields are moving as investors lose confidence in U.S. assets.
Treasury yields reflect economic uncertainty
This happened after President Donald Trump announced tariffs on April 2.
It has made the global economic outlook more uncertain. Morgan Stanley wrote to clients about this. They said, “Changing views of the U.S. economy and policies are causing unprecedented uncertainty for the global economy and markets.”
Along with earnings, traders are watching the U.S.-China trade tensions.
U.S. Treasury Secretary Scott Bessent said China needs to take steps to reach a trade deal. “China must de-escalate because they sell much more to us than we sell to them. The 120% and 145% tariffs are not sustainable,” Bessent said.
This week, investors will also look at data on consumer confidence, job openings, and home prices. This will help them assess the economy’s health. The market is dealing with these uncertainties.
Economic indicators and corporate earnings will likely shape market sentiment in the coming weeks.
