Long-dated U.S. government bonds and equity futures fell on Tuesday after President Donald Trump said he was firing Federal Reserve governor Lisa Cook, an unprecedented attempt to reshape the central bank that rattled investor confidence in its independence. Benchmark 10-year Treasury yields rose about 2.5 basis points to 4.30%, while 30-year yields climbed up to 4.94%. Short-dated rates eased, with the two-year yield slipping roughly 2 basis points to just under 3.71%, illustrating a sharp steepening of the curve as traders priced in political risk rather than imminent policy moves. The dollar softened and gold touched a two-week high, while major European and Asian stock indices joined U.S. futures in the red. Analysts said the threatened dismissal could accelerate Trump’s influence over the Federal Open Market Committee and complicate the outlook for interest-rate policy ahead of the Fed’s September meeting.