10-year Treasury yield rises as Trump extends tariff deadline

U.S. 10-year Treasury yields rose Monday as investors reacted to trade tensions surrounding the expiration of a 90-day tariff reprieve, with tariffs set to revert to April levels this week. President Trump also threatened new 10% tariffs on countries supporting “Anti-American policies” of the BRICS group. Treasury Secretary Scott Bessent hinted at several upcoming trade announcements, CNBC has reported. BRICS leaders condemned Trump’s tariff actions as unjustified protectionism.