U.S. Treasury yields fell on Wednesday evening following a major announcement by President Donald Trump regarding trade tariffs. The President declared that, in a significant shift, he would be imposing reciprocal tariffs, a move he described as marking a "Liberation Day."

The announcement, which sent waves through financial markets, comes amid ongoing discussions about the impact of trade policies on the broader economy. Traders reacted by moving into bonds, pushing yields lower in response to the uncertainty surrounding the new tariff measures. 

The popular benchmark U.S. 10-Year Treasury yield (US10Y) has come down 3 basis points down to 4.13% as it pared back from its earlier day high of 4.24%. 

At the same time a similar story has played out for the U.S. 2-Year Treasury yield (US2Y) which is lower by 1 basis point to 3.86% as it retraced from its intraday high of 3.96%. 

See how yields trade across the entire curve here on Seeking Alpha’s bond page. 

Here are some popular exchange-traded funds linked to the fixed-income market: 

Treasury ETFs: (NASDAQ:TLT), (NYSEARCA:TLH), (NASDAQ:IEF), (NASDAQ:IEI), (NASDAQ:SHY), (NYSEARCA:SGOV), (NYSEARCA:SCHO), and (NYSEARCA:BIL). 

Fixed Income ETFs: (NYSEARCA:AGG), (NASDAQ:BND), (NASDAQ:VCIT), (NYSEARCA:MUB), (NASDAQ:MBB), (NYSEARCA:JNK), (NYSEARCA:LQD), (NYSEARCA:HYG), and (NYSEARCA:TIP).