The U.S. 10-year Treasury yield ticked down on Friday as investors parsed inflation data and considered the latest news on President Donald Trump's "reciprocal" tariffs.
The 10-year Treasury yield ticked about 3 basis points lower, trading at 4.394%. The 2-year yield lost 2 basis points to 3.897%. The 30-year Treasury yield was near flat at 4.921%.
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WATCH HEREOne basis point is equivalent to 0.01%, and yields and prices move in opposite directions.
Trump claimed in a Friday social media post that China "violated" its current trade agreement with the U.S. Later on Friday, a Bloomberg report, citing people familiar, said the administration plans to broaden restrictions on China's technology sector.
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SIGN UP That comes after Treasury Secretary Bessent said in a Fox News interview that U.S.-China trade talks "are a bit stalled."
Meanwhile, a legal battle is taking place over Trump's tariffs.
A federal appeals court on Thursday granted the Trump administration's request to pause a ruling by a trade court that struck down the reciprocal tariffs on international trade partners that went into effect in April.
Money Report
The Trump administration had earlier told the U.S. Court of Appeals for the Federal Circuit that it was going to seek "emergency relief" from the Supreme Court by Friday if the tariff ruling was not paused.
That is adding to investors' uncertainty about international trade and how it will affect the U.S. economy. Additionally, despite the pause, Trump officials are insistent that tariffs will still be imposed via alternative routes. The administration has considered using a provision of the Trade Act of 1974 to implement tariffs of up to 15% for 150 days, according to The Wall Street Journal.
Traders also evaluated the personal consumption expenditures price index, which came in lower than expected on an annualized basis. The index slid to 2.1% in April, while economists polled by Dow Jones penciled in 2.2%.
