Tariffs are pushing 10-year Treasury yields higher—here’s why that could mean bad news for your mortgage refinancing plans and long-term borrowing costs.

U.S. Treasury yields moved higher on Thursday after key economic data releases, while traders kept an eye on Washington after President Donald Trump's denial of plans to imminently fire Federal Reserve Chair Jerome Powell.

Treasury yields were rising Thursday, as investors weighed fresh data showing retail sales in the U.S. were stronger than expected and a decline in weekly jobless claims. The yield on the 10-year Treasury note was up about 2 basis points at around 4.

Longer-dated Treasuries have been in focus, given they sold off violently on Wednesday. Things look different this morning. The 30-year Treasury yield which moved to about 5.07% yesterday is now moving lower and close to levels below 5%.

U.S. Treasury yields fell on Wednesday as traders snapped up bonds, while the dollar index turned negative and slid. Read more here.

U.S. Treasury yields were lower on Thursday amid renewed concerns that President Donald Trump is considering replacing Fed Chairman Jerome Powell.

Markets turned volatile on Wednesday with equities losing steam, the dollar selling off sharply and gold prices spiking higher on a report that President Donald Trump is looking to fire the Federal Reserve chair.