Overview
- The 10-year Treasury yield slipped to about 4.229% and the 30-year to roughly 4.818% to end the week, according to CNBC.
- President Donald Trump canceled proposed tariffs on eight European countries tied to Greenland, easing trade and geopolitical worries cited by market watchers.
- Technical levels drew attention as the 10-year touched 4.233% on Friday to fill a bearish gap from Tuesday, while the 30-year hovered near its 4.843% gap marker.
- Market action around midday Thursday included a brief backup in yields near a 10-year TIPS auction, though a National Mortgage News commentator questioned whether the sale drove the move.
- Recent data showed jobless claims at 200,000 and final GDP at 4.4%, and traders priced in no change next week and two quarter-point cuts in 2026 per the CME FedWatch Tool.