Analysis: US International Trade Court ruling triggers surge in Treasury yields

According to CoinDesk, the US International Trade Court ruled on May 29 that key tariff measures implemented during the Trump administration were illegal, causing violent fluctuations in the US Treasury market. The yield on the 30-year Treasury bond exceeded 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 had overstepped his authority to use economic emergency powers to impose broad trade levies, but the ruling did not affect tariffs on specific industries such as steel. The US government said it would appeal. As tensions between the US and China continue, the US has recently taken measures such as restricting chip technology exports and tightening student visas for China. The dollar index (DXY) rose to 100 from 98, while bitcoin ($108,282) and gold prices remained sideways.