US Treasury yield remains high, with Credit Suisse: Market volatility caused by tariffs has somewhat reduced.

Jan Nevruzi and Gennadiy Goldberg from TD Securities stated in a research report that market volatility caused by tariffs has somewhat decreased, but long-term US Treasury yields are still significantly higher than they were on the day tariffs were announced on April 2nd. These two US rate strategists mentioned that the steepening of the risk-free yield curve driven by the long end has become a global phenomenon, with longer-term government bond yields on the rise in the US, UK, Europe, Japan, and other major bond markets. They indicated that US Treasuries are underperforming the overall market. They also mentioned that the US Treasury Department may hint at reducing the auction size of long-term bonds as early as the refinancing operation in August, the US Senate may oppose coordinated legislation affecting finances, and weak data may lead investors to expect the Federal Reserve to take a more accommodative stance.