US Treasury yields caught in a tug of war, inflation and fiscal risks are the focus.

According to the Securities Times APP, the yield on the 10-year US Treasury bond has been hovering below 4.5%, indicating that the market direction is unclear due to economic uncertainty and multiple factors at play. Although the current yield is temporarily stable, if the impact of tariffs intensifies the economic downturn or investors become more concerned about the government's debt level, the sentiment in the global bond market could quickly change.