Treasury yields nudge higher as investors monitor geopolitical uncertainty

• The 10-year Treasury yield increased marginally to 4.143%, while the 30-year yield fell slightly to 4.793% amid geopolitical uncertainty
• A White House meeting between U.S., Denmark, and Greenland officials ended in 'fundamental disagreement' over the island's ownership, which Trump claims is central to U.S. national security
• An ongoing investigation into Fed Chairman Jerome Powell is raising concerns about central bank independence, with global central bankers defending it as 'a cornerstone of price, financial and economic stability'

Treasury Yields Edge Higher Amid Geopolitical Tensions

Market Overview

U.S. Treasury yields moved marginally higher on Thursday as investors assessed multiple geopolitical risks. As of 4:39 a.m. ET, the benchmark 10-year Treasury yield rose less than 1 basis point to 4.143%, while the 1-year yield increased to 3.52%. The 30-year yield declined slightly to 4.793%.

Key Geopolitical Concerns

Greenland Dispute: President Trump's continued insistence on acquiring Greenland—citing national security interests—has dominated headlines. A Wednesday White House meeting between U.S., Danish, and Greenland officials concluded with "fundamental disagreement" over the autonomous Danish territory's ownership, heightening diplomatic tensions.

Iran Tensions: Speculation about a potential U.S. military strike on Iran has weighed on markets, following Iran's crackdown on widespread protests. However, Trump signaled Wednesday he might postpone any action, noting that "the killing in Iran is stopping" and "there's no plan for executions."

Federal Reserve Independence Concerns

An ongoing investigation into Federal Reserve Chairman Jerome Powell has raised concerns about political pressure on the Fed's independence and its ability to conduct monetary policy without White House interference. Global central bankers have publicly defended Powell, emphasizing that central bank independence is "a cornerstone of price, financial and economic stability."

Economic Data

Investors awaited weekly initial jobless claims data, scheduled for release at 8:30 a.m. ET.

Market Implications

The minimal movement in Treasury yields reflects investor caution amid elevated geopolitical uncertainty, with safe-haven demand balanced against concerns over Fed independence and U.S. foreign policy unpredictability.