The bond market seesaw continues. Following April's increases, yields for 10-year government bonds fell in May amid trade tensions, economic and monetary uncertainty, and political drama, with most sinking by double digits.
The U.S. Treasury 10-year mid-yield plunged by 36.5 basis points, trending down as the month went on, before closing at 2.14%. The country's ongoing trade dispute with China and negotiations with Mexico continued in May, culminating with no agreements and the threat of increased tariffs on numerous goods. Towards the end of the month, minutes from the Federal Reserve's latest policy meeting indicated