---
title: "Trump Backed Down? TACO Trades Reemerge! 10-Year Treasury Yield Plunged at One Point"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39469804.md"
description: "A seemingly plausible but actually misleading social media post from Donald Trump has once again triggered TACO trading in the market. The yield on the 10-year U.S. Treasury note, which had hit an eight-month high, plunged over 10 basis points during the session, reaching a low of 4.30%; the U.S. Dollar Index also briefly turned negative, hitting its lowest level in over a week. Trump claimed that the U.S. and Iran were engaged in "very good, productive talks" towards a "comprehensive and final resolution" of the conflict, but this was later denied by Iran. Since the outbreak of the war on February 28, the yield on the U.S. 10-year Treasury note has risen by approximately 45 basis points..."
datetime: "2026-03-24T04:24:03.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39469804.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39469804.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39469804.md)
author: "[同壁财经](https://longbridge.com/en/profiles/26505347.md)"
---

# Trump Backed Down? TACO Trades Reemerge! 10-Year Treasury Yield Plunged at One Point

A seemingly plausible social media post by Donald Trump has once again triggered TACO trading in the market.

The yield on the 10-year U.S. Treasury note, which had hit an eight-month high, plunged more than 10 basis points during the session, touching a low of 4.30%; the U.S. dollar index also turned lower at one point, reaching a more than one-week low.

Trump claimed that the U.S. and Iran were engaged in "very good, productive talks" toward a "comprehensive and thorough solution" to the conflict, but this was later denied by Iran.

Since the war broke out on February 28, the yield on the 10-year U.S. Treasury note has risen by about 45 basis points, a move strikingly similar to the rapid surge around April 2025 when Trump announced "reciprocal tariffs." After the yield broke above 4.60% at that time, Trump announced a suspension of the tariffs on April 9.

Some analysts point out that the 4.50%~4.60% range will once again become an insurmountable "red line"—the U.S. economy cannot bear a yield level of 5%.

Focus on the improvement in pessimistic liquidity expectations for emerging markets after the retreat in U.S. Treasury yields:

Hong Kong's flagship index - Hang Seng Tech——Hang Seng Tech Index ETF ChinaAMC (513180.SH)

Hong Kong's internet leaders——Hang Seng Internet ETF ChinaAMC (513330.SH)

Alibaba + Tencent + Xiaomi weight over 40%——Stock Connect Internet ETF ChinaAMC (520910.SH)

Full coverage of Hong Kong's unique tech sectors: Internet + Semiconductors + New Energy Vehicles + Innovative Drugs——Stock Connect Tech ETF ChinaAMC (159101.SZ)

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