The price of U.S. Treasury bonds has risen for five consecutive days, and President Trump's treasury secretary, Steven Mnuchin, supports Powell.

On Tuesday, at the end of trading in New York, the yield on the 10-year US Treasury benchmark bond fell by 3.37 basis points to 4.3440%, trading in a range of 4.3957% to 4.3262% during the day. The yield on the 2-year US Treasury bond fell by 2.74 basis points to 3.8334%, trading in a range of 3.8693% to 3.8207% during the day. The yield on the 20-year US Treasury bond fell by 3.33 basis points, and the yield on the 30-year US Treasury bond fell by 2.67 basis points. The yield on the 3-year US Treasury bond fell by 3.36 basis points, the yield on the 5-year US Treasury bond fell by 3.16 basis points, and the yield on the 7-year US Treasury bond fell by 3.41 basis points. The yield on the 10-year US inflation-linked Treasury bond fell by 0.99 basis points to 1.9320%. On that day, US Treasury Secretary Janet Yellen stated that there was no reason for Federal Reserve Chairman Jerome Powell to step down.