10-Year US Treasury Yield Hits 4.69% on July 24, Triggering TACO Market Speculation

According to BlockBeats, the 10-year US Treasury yield rose to approximately 4.69% on July 24, reaching its highest level since January 2025 amid macroeconomic pressures and geopolitical tensions. This marked a rare occurrence during Trump's second term. Markets have historically labeled Trump's pattern of backing down from tariffs or policy threats during yield spikes as "TACO" (Trump Always Chickens Out). However, whether Trump will repeat this behavior remains uncertain, as the US Trade Representative announced tariffs of 10%–12.5% on 60 economies on July 23, while geopolitical conflicts continue to drive yield increases independently of trade policy.
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