Treasury Yields Rise as Markets Watch U.S.–EU Trade Talks and Fed Signal

​U.S. Treasury yields edged higher Wednesday morning as investors closely tracked developments in U.S.–EU trade negotiations and anticipated key economic reports later this week.

The 30-year and 10-year Treasury yields both climbed to 4.467%, while the 2-year yield ticked up to 3.961%, reflecting modest selling pressure in government bonds. The moves came after President Trump confirmed he would delay a planned 50% tariff on EU goods until July 9, following a request from European Commission President Ursula von der Leyen.

Investor sentiment was further boosted when National Economic Council director Kevin Hassett suggested more trade deals may be on the horizon. That optimism helped temper broader concerns about trade uncertainty, even as markets prepare for several data drops this week.

Traders are now awaiting:
-FOMC meeting minutes, which will be released Wednesday afternoon and may offer clues on the Fed’s inflation and rate-cut strategy.
-GDP growth figures on Thursday.
-The core PCE index on Friday—considered the Federal Reserve’s preferred inflation gauge.

​Bottom line: Treasury yields are inching up as global trade talks shift from threat to dialogue. But with crucial inflation data on deck and the Fed watching closely, any surprises could move yields—and markets—much faster.