Safe-haven US dollar leads G10 currencies as US Treasury yields rise across the board

Golden Ten Data, April 2 – U.S. Treasury yields rose across the board as oil prices climbed and inflation concerns intensified, driven by Trump's threatening posture toward Iran during his primetime speech. The yield on the U.S. 2-year Treasury note increased by 4 basis points to 3.84%, and the yield on the 10-year Treasury note also rose by 4 basis points to 4.36%. The U.S. dollar strengthened against all G10 currencies. Naokazu Koshimizu, senior rates strategist at Nomura Securities in Tokyo, stated, "Trump's speech has left some risk that the war could be prolonged." He pointed out that as U.S. economic data remains resilient and inflation is sticky, combined with geopolitical unrest, markets may increase their bets on rate hikes, making the Federal Reserve more cautious about policy easing.