US 10-Year Bond Yield Rises Slightly

The yield on the 10-year US Treasury note edged up to around 4.48 on Thursday, as market tensions eased after US President Donald Trump said it was “highly unlikely” he would dismiss Federal Reserve Chair Jerome Powell. Yields had declined the previous day after reports emerged suggesting that Trump might fire Powell soon, a move that investors feared could lead to quicker and deeper rate cuts. Meanwhile, investors now await the US retail sales data, due later in the day, which may provide another snapshot of the health of the US economy and the Fed’s policy outlook. This comes on the heels of mixed signals from recent inflation reports—where producer prices showed signs of softening, while consumer inflation picked up. On the trade front, Trump said Wednesday that the US would likely maintain its 25% tariff on imports from Japan and hinted at a potential new agreement with India, following his earlier announcement of a deal with Indonesia.