US 30-Year Bonds Extend 2025 Slide on Fed Threat: Markets Wrap

The dollar fell and longer-datedTreasury yields rose as President Donald Trump’s push to remove Federal Reserve Governor Lisa Cook fueled concern about central bank independence and inflation risks. Stocks eked out gains before Nvidia Corp.’s results.

While the moves were modest in listless summer trading, they underscored growing unease over political interference in monetary policy. That could give Trump another chance to name someone to the Fed board as he repeatedly pressures officials to cut rates.

Lisa Cook.

Photographer: Al Drago/Bloomberg

The slide in 30-year Treasuries followed losses in longer-dated debt from France and the UK, extending a drop that’s been ...