Treasury yields showed minimal movement Monday, with the 10-year yield rising slightly to 4.364% and the 2-year yield dipping to 3.874%. The stability comes as investors digest the Trump administration’s decision to extend the tariff reprieve deadline from this week to August 1.
Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent confirmed that countries without trade deals will see tariffs return to April 2 levels if agreements aren’t reached by the new deadline.
Adding to trade tensions, President Trump threatened new 10% tariffs on BRICS nations (Brazil, Russia, India, and China), who responded with criticism of U.S. protectionist policies. With limited economic data this week, investors will focus on Wednesday’s Federal Reserve meeting minutes for insights into monetary policy direction.