Yields fall as Trump announces reciprocal tariffs

April 2 (Reuters) - U.S. Treasury yields fell on Wednesday and two-year yields were the lowest in three weeks after U.S. President Donald Trump said he is imposing reciprocal tariffs to match duties put on U.S. goods by other countries.

The yield on benchmark U.S. 10-year notes US10YT=RR was last down 2.7 basis points on the day at 4.129%. The 2-year note US2YT=RR yield fell 0.9 basis points to 3.854%.

The yield curve measuring the gap between two-year and 10-year notes US2US10=RR was last at 27.1 basis points.