The US Treasury yield continued to decline after the ADP data release, with the 10-year Treasury yield at 4.149%.

BlockBeats News, April 30th, the U.S. Treasury yield continued to decline after the ADP data was released; the latest 10-year Treasury yield fell by 2.5 basis points to 4.149%. The two-year U.S. Treasury yield finally fell by 1.4 basis points to 3.644% (JIN10).

The U.S. 10-year Treasury yield is known as the "risk-free rate," which is precisely the key data the Trump administration hoped to suppress in order to refinance trillions of dollars in national debt. Usually, when market risk aversion intensifies, investors may increase their demand for safe-haven assets such as Treasury bonds, leading to a drop in the 10-year Treasury yield during these times.