Trump's tariff threat caused a brief spike followed by a fall in US bond prices, with the 30-year US bond yield rising more than 9 basis points this week.

On Friday, the New York session, the yield on the 10-year US benchmark Treasury bond fell by 1.77 basis points to 4.5110% after US President Trump's tariff threats against the EU and Apple, dropping to 4.4456% at 20:08 Beijing time. The yield had risen by 3.40 basis points earlier in the week, reaching 4.6247% on May 22. The yield on the 2-year US bond rose by 0.11 basis points to 3.9912%, dropping to 3.9017% at 20:08, with a decrease of 0.83 basis points for the week. The 20-year US bond yield fell by 0.88 basis points, but rose by 7.65 basis points for the week, reaching 5.1577% on May 22 at 20:21. The 30-year US bond yield fell by 0.21 basis points, but rose by 9.35 basis points for the week, reaching 5.1501% before market open on May 22. The 3-year US bond yield fell by 0.50 basis points, with a decrease of 2.13 basis points for the week; the 5-year US bond yield fell by 1.21 basis points, with a decrease of 1.17 basis points for the week; the 7-year US bond yield fell by 1.83 basis points, but rose by 0.33 basis points for the week.