Analysis: US Court of International Trade ruling triggers surge in Treasury yields
according to CoinDesk, on May 29, the US International Trade Court ruled that the key tariff measures implemented during the Trump administration were illegal, leading to severe fluctuations in the US bond market. The 30-year bond yield surpassed 5%, the 10-year yield rose to 4.50%, an increase of 10 basis points from the previous two days. The court believed that the president overstepped his authority by using emergency economic powers to implement widespread trade tariffs, but the ruling does not affect tariffs on specific industries such as steel. The US government has stated that it will appeal the decision. With ongoing tensions in US-China relations, the US has recently taken measures such as restricting the export of chip technology and tightening Chinese student visas. The US Dollar Index (DXY) has risen from 98 to 100, while Bitcoin ($108,282) and gold prices remain stable.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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