Analysis: U.S. Court of International Trade Ruling Triggers Surge in Treasury Yields

According to CoinDesk, the U.S. Court of International Trade ruled on May 29 that key tariff measures implemented during the Trump administration were illegal, causing significant volatility in the U.S. Treasury market. The 30-year Treasury yield surpassed 5%, and the 10-year yield rose to 4.50%, up 10 basis points from the previous two days. The court found that the president overstepped his authority by using emergency economic powers to impose broad trade tariffs, but the ruling does not affect tariffs on specific industries such as steel. The U.S. government stated it would appeal. Amid ongoing tensions between the U.S. and China, the U.S. has recently taken measures such as restricting chip technology exports and tightening student visas for Chinese nationals. The U.S. Dollar Index (DXY) rose from 98 to 100, while Bitcoin ($108,282) and gold prices remained stable.