The yield on US Treasury bonds is rising at an accelerating pace.

The yield on US Treasury bonds continued to rise, as risk appetite rebounded and stocks rose, weakening demand for safe-haven assets. Better-than-expected consumer confidence data from the US Conference Board released on Tuesday also put pressure on US Treasury bonds, as the data strengthened the view that the possibility of a rate cut in the US in the near future has decreased. However, Frank Walbaum of Naga stated in a report that a re-escalation of trade tensions could reignite safe-haven sentiment. "Confirmation of the imposition of temporary global tariffs of 10%, with the possibility of the rate increasing to 15%, keeps trade risks elevated and intensifies concerns about new measures." According to Tradeweb data, the yield on 2-year US Treasury bonds rose by 2.1 basis points to 3.476%, while the yield on 10-year Treasury bonds rose by 2.3 basis points to 4.055%.