According to BlockBeats, on April 30, U.S. Treasury yields continued to decline after the release of ADP data. The yield on the 10-year Treasury bond fell by 2.5 basis points to 4.149%. The yield on the two-year Treasury bond decreased by 1.4 basis points to 3.644%.
The yield on the 10-year U.S. Treasury bond is known as the 'risk-free rate' and is a key data point that the Trump administration aims to lower in order to refinance trillions of dollars in national debt. When market risk aversion intensifies, investors may increase their demand for safe-haven assets like Treasury bonds, leading to a decrease in yields.