U.S. Treasury Yields Rise Amid Improved Risk Appetite and Stock Market Gains

U.S. Treasury yields continued their upward trend as risk appetite improved and stock market gains reduced demand for safe-haven assets. According to Jin10, the U.S. Conference Board's consumer confidence data released on Tuesday exceeded expectations, further supporting the view that a rate cut in the U.S. is unlikely in the short term. Despite this, Frank Walbaum from Naga noted in a report that renewed trade tensions could reignite risk aversion. The potential increase of a global temporary tariff from 10% to 15% keeps trade risks elevated and raises concerns about new measures.