Major government bonds fall as Trump's global tariffs are rejected

According to TechFlow, on May 29, the U.S. Federal Trade Court rejected Trump's global tariffs, which may stimulate funds to flee safe-haven assets such as sovereign debt, leading to a drop in prices of major government bonds.

The 10-year Japanese government bond yield rose 1 basis point to 1.525%; the 10-year U.S. government bond yield rose 4 basis points to 4.5186%; and the 10-year Australian government bond yield rose 4 basis points to 4.3740%.