The yield on the 10-year US Treasury note held around 4.24% on Friday, ending a volatile week slightly higher as investors navigated shifting geopolitical and market dynamics. The benchmark initially surged to a five-month high early in the week after President Donald Trump threatened several European countries opposing his Greenland plan with new tariffs. Concerns that Europe could leverage its large US asset holdings further unsettled markets. Trump later reversed course following a framework agreement with NATO on a potential future Greenland deal. Treasury yields were also influenced by global bond market turbulence, triggered by a spike and subsequent pullback in Japanese yields amid mounting fiscal worries. Meanwhile, solid US economic data reinforced expectations that the Federal Reserve will keep interest rates steady next week.
