10-year Treasury yields dip under 4% for the first time in six months

April 4, 2025
-FXnews

As mentioned yesterday, the focus at the moment is more on the economic destruction from Trump’s tariffs. That is outweighing concerns about higher inflation pressures that may come alongside it. As we look to end the week, broader markets are still keeping a more defensive approach. S&P 500 futures are down another 0.6% currently after a near 5% drop yesterday.

With yields continuing to trickle lower, that will continue to pin down Japanese yen pairs in general. USD/JPY is only slightly lower so far today, down 0.3% to 145.66