Trump's dismissal of Federal Reserve Director Cook has raised market concerns, causing a sharp increase in US Treasury bond yields curve.

According to the Wise Financial News app, the move by US President Trump to dismiss Federal Reserve Board member Cook has raised doubts among people about whether the Fed can effectively control inflation. Long-term US bond prices have fallen, with the yield curve steepening. The difference between the 5-year and 30-year US bond yields widened to 116 basis points at one point, the highest level since 2021. As of the time of publication, the 30-year US bond yield has risen to 4.932%, the 20-year US bond yield has risen to 4.898%, and the 2-year US bond yield has fallen to 3.717%.