U.S. Treasury Secretary Janet Yellen’s recent comments regarding a pause in trade negotiations with the EU triggered an increase in 10-year Treasury bond yields, raising concerns about escalating trade tensions. While Yellen framed the 90-day pause as part of sincere negotiation efforts, President Trump expressed dissatisfaction with the EU’s proposal, hoping to incentivize the EU to take action. This prompted Trump to impose tariffs on both the EU and Apple. However, Yellen’s comments during her Fox News interview seemed to contradict Trump’s aim for a yield decrease, further complicating matters. Consequently, the S&P 500 index has experienced a notable decline of 200 points, and the impact of the trade agreement on bond yields remains ambiguous.