Eurizon: The rise in US Treasury yields is concerning, and trade talks did not boost US Treasuries.

[Eurizon: Rising U.S. Treasury yields are worrisome, trade talks have not boosted U.S. Treasuries] Asset manager Eurizon said in a note that the current rise in U.S. Treasury yields is worrying, indicating that U.S. debt and fiscal policy are still worrying investors. U.S. equities, bonds, and the U.S. dollar have suffered a triple sell-off for weeks due to tariff uncertainty, while the current good news about the U.S. tariff deal has boosted equities and the U.S. dollar, but not U.S. Treasuries. While the tariff talks have logically had a positive impact on economic growth, the persistently high level of yields suggests that the fiscal trajectory of the United States remains a concern. The ongoing budget negotiations in the U.S. Congress will be key for the bond market.