Yields fall as Trump announces reciprocal tariffs

US Treasury yields fell on Wednesday and two-year yields were the lowest in three weeks after US President Donald Trump said he is imposing reciprocal tariffs to match duties put on US goods by other countries.

The yield on benchmark US 10-year notes was last down 2.7 basis points on the day at 4.129%. The 2-year note yield fell 0.9 basis points to 3.854%.

The yield curve measuring the gap between two-year and 10-year notes was last at 27.1 basis points.

(Reporting By Karen Brettell)