US Treasury Yields Rise Amid Economic Concerns and Fed Cut Expectations

U.S. Treasury yields gained ground following the House's progress on Trump's tax-cut plans, signaling potential further debt issuance. Economic concerns prompted bets on more Fed rate cuts this year. Meanwhile, Nvidia's upcoming earnings will influence AI market sentiment, amidst geopolitical tensions affecting China's tech sector.

U.S. Treasury yields rose as the House of Representatives advanced a major tax-cut agenda, raising expectations for increased debt issuance. This development, coupled with economic uncertainties, has led investors to speculate on further Federal Reserve rate cuts within the year.

Recent data indicates a significant drop in U.S. consumer confidence, the steepest in over three years, highlighting apprehension around the Trump administration's policies. Concerns over oil demand persist, influenced by fears of sluggish U.S. economic growth.

In the tech sector, Nvidia's earnings report is highly anticipated, potentially affecting AI stock valuations amid growing competition from China's DeepSeek and geopolitical strains over semiconductor restrictions.