Despite slight downward movement in Treasury yields on Friday, they remained near uncomfortable levels due to uncertainty surrounding the impact of President Trump’s new tax legislation and its effect on the US deficit. Investors are cautious, unsure if U.S. government bonds remain attractive investments given the increased debt load from the proposed plan, which could add nearly $4 trillion to the national debt before Senate approval. 4:56 a.m. ET saw a drop in Treasury yields—the 30-year Treasury yield fell just over 3 basis points to 5.025%, while the 10-year yield dropped by 3 basis points to 4.518%. The 2-year yield also moved lower, dipping by 2 basis points to 3.986%. However, traders acknowledge these changes as minor, and deeper concerns lie in why yields remain elevated, and whether the US government can manage its debt responsibly.