U.S. Treasury yields stabilize as the market focuses on the Federal Reserve meeting minutes and Trump's pressure.

On July 9, after rising for five consecutive trading days, U.S. Treasury yields remained largely flat, with the market observing how likely it is that Trump’s proposed tariff threats will actually be implemented, and what impact these policies will have on inflation and economic growth. The Federal Reserve (FED) will release the meeting minutes at 2 PM Eastern Time (2 AM Beijing Time on Thursday). Meanwhile, the White House is pressuring the FED to cut interest rates, and Trump is also looking for candidates to replace Powell as the chair of the FED. In addition, a 10-year Treasury auction will take place at 1 PM Eastern Time, following a weak demand for the previous day's 3-year Treasury auction.