On April 22, according to Tradingview data, the US 10-year Treasury yield rose to 4.414%, with a 24-hour increase of 1.94%.
The US 10-year Treasury yield, known as the "risk-free rate," is a key data point that the Trump administration hoped to lower in order to refinance trillions of dollars in national debt. Typically, when economic growth expectations strengthen or inflationary pressures rise, investors may reduce their demand for safe-haven assets like government bonds and favor risk assets, leading to an increase in 10-year Treasury yields. However, with recent market volatility and US stock market declines, the US 10-year Treasury yield should have decreased, but instead, it has counterintuitively surged to 4.414%.
