US Treasury bond yields diverge: The market is waiting to see Trump's decision on tariff delays, with economic data to be released this week.

On Tuesday (4 a.m. Eastern Time), the yield on U.S. Treasuries showed divergent trends as investors digested President Donald Trump's announcement of a 30-day tariff delay decision, while also following the upcoming economic data.

According to the latest data, the yield on the 10-year US Treasury rose 2 basis points to 4.5692%, while the yield on the 2-year Treasury fell slightly, less than 1 basis point, to 4.2573%. The market is still watching for the latest developments in the US economy, as well as whether the Trump administration's trade policy will further affect market sentiment.

Trump temporarily postpones tariffs on Mexico, market sentiment slightly eases

Recently, Trump signed executive orders imposing a 25% tariff on imports from Mexico and Canada, and a 10% tariff on imports from China. This move has far-reaching implications as the annual trade volume between the United States and these three countries is about $1.6 trillion.

(Is the global trade war about to break out? Trump's new tariff has triggered strong backlash from many countries, and the global economy may face a new round of impact.)

However, the market welcomed a brief respite on Monday as Trump announced a 30-day reprieve on tariff policies towards Mexico and Canada, on the condition that both countries agree to take measures to prevent fentanyl (a type of opioid) from flowing into the United States. This decision has slightly eased market sentiment, and investors are beginning to reassess future trade risks.

(Trump temporarily suspends punitive tariffs on Mexico for one month, and Bitcoin rebounds to 99K)

China announces retaliation