The yield on the 10-year US Treasury note climbed to around 4.05% on Tuesday, rebounding after a sharp decline in the prior session as investors assessed ongoing US trade uncertainties. In recent developments, global logistics giant FedEx filed a lawsuit seeking a full refund after the US Supreme Court struck down President Donald Trump’s emergency tariffs. Trump threatened to raise global tariffs from 10% to 15% in response to the ruling and cautioned that countries that “play games” with existing trade agreements could face steeper duties. Meanwhile, Fed Governor Christopher Waller said on Monday that he is open to leaving rates unchanged in March if upcoming February jobs data shows a strengthened US labor market. Geopolitical focus remains on US-Iran talks, which are scheduled to resume on Thursday.
