Big Alert: After the stock market closed, the whole world got a big signal from the bond yield

Bond yields in the US traded slightly higher on Tuesday after reports suggested that tariffs set to be implemented by President Donald Trump from April 2 could now be more limited and sector-specific than previously expected, with some tariff plans also expected to be deferred.

10-year yield at 4.346% - The US 10-year Treasury note yield rose nearly 2 basis points to 4.346%. At the same time, the 2-year Treasury yield rose 1 basis point to 4.051%. (1 basis point = 0.01%)

Yield and bond prices have an inverse relationship, that is, when the yield increases, prices fall. Change expected in Trump's tariffs - According to reports from the Wall Street Journal and Bloomberg, Trump's tariffs may no longer be comprehensive but limited to limited areas. On Friday, Trump indicated that "flexibility for some countries" could be kept. This has brought some relief to the markets as there was earlier fear of a comprehensive trade war. Markets eyeing big data this week - Data coming on Tuesday: S&P CoreLogic Case-Shiller Home Price Index (January) - It tracks changes in US residential property prices. Coming on Friday: Personal Consumption Expenditures (PCE) Index - This is the Federal Reserve's preferred measure of inflation, and it will be the most important data this week. PMI data indicates: Economy is strong - PMI data released on Monday came in at 54.3 - it was 51 in February and the market expectation was 51.5. A reading above 50 indicates expansion and below 50 contraction. Eastspring Investments says that the US real economy is currently looking strong and this can challenge the negative sentiment of the stock market. However, he also said that all these figures are "before tariff" and the real impact will be seen from April-May, when the impact of new tariff policies will start appearing in the data. 

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