According to The Kobeissi Letter, the US 10-year Treasury yield climbed 6 basis points shortly after US Treasury Secretary Bessent discussed trade 'deals' on Fox News, following market declines triggered by President Trump's announcement of a 50% tariff on EU goods and a 25% tariff on Apple products. This sharp movement in yields signals heightened risk sentiment and immediate investor reaction to escalating trade tensions. Crypto traders should note that increased yield volatility often correlates with greater Bitcoin and altcoin market movements as investors seek alternatives to traditional assets (source: The Kobeissi Letter).