U.S. 10-Year Treasury Yield Soars Near Trump's Intervention Threshold

On April 30, the 10-year U.S. Treasury yield quickly rose to 4.42%, approaching the 4.50% policy inflection point that Trump had intervened at multiple times before. Analysts point out that U.S. Treasury yields are becoming a market focal point, as similar situations in April 2025 and March 2026 forced Trump to directly intervene to release favorable conditions. This trend may once again test the government’s ability to respond to high Treasury yields and inflation pressures.

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