Treasury
3-MO 3.90% +6bp 6-MO 4.02% +8bp 1-YR 4.15% +11bp 2-YR 4.34% +14bp 3-YR 4.41% +11bp 5-YR 4.48% +10bp 7-YR 4.59% +7bp 10-YR 4.73% +6bp 20-YR 5.21% +3bp 30-YR 5.22% +3bp 3-MO 3.90% +6bp 6-MO 4.02% +8bp 1-YR 4.15% +11bp 2-YR 4.34% +14bp 3-YR 4.41% +11bp 5-YR 4.48% +10bp 7-YR 4.59% +7bp 10-YR 4.73% +6bp 20-YR 5.21% +3bp 30-YR 5.22% +3bp 3-MO 3.90% +6bp 6-MO 4.02% +8bp 1-YR 4.15% +11bp 2-YR 4.34% +14bp 3-YR 4.41% +11bp 5-YR 4.48% +10bp 7-YR 4.59% +7bp 10-YR 4.73% +6bp 20-YR 5.21% +3bp 30-YR 5.22% +3bp 3-MO 3.90% +6bp 6-MO 4.02% +8bp 1-YR 4.15% +11bp 2-YR 4.34% +14bp 3-YR 4.41% +11bp 5-YR 4.48% +10bp 7-YR 4.59% +7bp 10-YR 4.73% +6bp 20-YR 5.21% +3bp 30-YR 5.22% +3bp 3-MO 3.90% +6bp 6-MO 4.02% +8bp 1-YR 4.15% +11bp 2-YR 4.34% +14bp 3-YR 4.41% +11bp 5-YR 4.48% +10bp 7-YR 4.59% +7bp 10-YR 4.73% +6bp 20-YR 5.21% +3bp 30-YR 5.22% +3bp 3-MO 3.90% +6bp 6-MO 4.02% +8bp 1-YR 4.15% +11bp 2-YR 4.34% +14bp 3-YR 4.41% +11bp 5-YR 4.48% +10bp 7-YR 4.59% +7bp 10-YR 4.73% +6bp 20-YR 5.21% +3bp 30-YR 5.22% +3bp
US Treasury par yield curve · Aug 28 · Source: U.S. Treasury
Monday, August 31, 2026
U.S. Edition
Investigation No. 337-TA-1429, notice issued 18 August 2026

The trade commission is asking the public what a ban on Dell and Lenovo computers would do, without saying whether there will be one

The United States International Trade Commission building in Washington seen from a street corner, a pale stone and blue glass office block rising to a rounded glazed turret, with bare winter trees, a traffic signal and a row of flags in front of it.
Photo: Toytoy at English Wikipedia / Wikimedia Commons (CC BY-SA 3.0)

The notice does not say who won.

On 18 August the United States International Trade Commission published a notice in Investigation No. 337-TA-1429 setting out the remedy its presiding administrative law judge has recommended, and inviting the public to comment on it. The notice records that the judge issued an Initial Determination on Violation of Section 337 on 14 August, together with a Recommended Determination on remedy and bonding. What the initial determination concluded is nowhere in it. Every mention of a violation is conditional, because the Commission is soliciting submissions on the public interest issues raised by the recommended relief should the Commission find a violation.

So the shape of the consequence is public and the finding underneath it is not.

What the recommendation would do

The recommended relief is a limited exclusion order directed to certain wireless communications devices and components thereof imported, sold for importation, or sold after importation by Dell Technologies Inc. and Dell Products L.P., together with Lenovo (United States) Inc., plus cease and desist orders directed to Lenovo and Dell.

The statute behind it is the reason the Commission is asking anything at all. Section 337 provides that where the Commission finds a violation it shall exclude the articles concerned unless, after weighing the effect on the public health and welfare, competitive conditions in the United States economy, the production of like or directly competitive articles in the United States, and United States consumers, it finds they should not be excluded. A similar provision governs cease and desist orders. Exclusion is the default. The public interest is the exception that has to be argued for, which is why the Commission wants the argument on the record before it rules rather than after.

Where the case came from

The complaint was filed on 18 November 2024 on behalf of International Semiconductor Group Co., Ltd. of Seoul, South Korea, supplemented on 6 December, and the investigation was instituted on 19 December 2024. It asserts four United States patents, numbers 10,575,262, 9,271,308, 10,111,227 and 10,616,919. The plain language description of the accused products, which is what fixes the scope of the investigation, is wireless laptop computers, notebook computers, tablets, desktop computers, and wireless chips.

Six respondents were named at institution: Dell Technologies Inc., Dell Products L.P., Dell (Chengdu) Co. Ltd., HP, Inc., Lenovo Group Limited and Lenovo (United States) Inc. Three of them appear in the recommended relief. The Federal Register has carried two notices in this investigation, the institution notice and this one, and neither accounts for the other three.

The window

Submissions are limited to five pages including attachments and are due by close of business on 15 September 2026. The Commission has asked for five specific things: how the articles are used in the United States, any public health, safety or welfare concerns, what like or directly competitive articles are made in the United States that could replace them, whether the complainant, its licensees or third party suppliers could replace the excluded volume within a commercially reasonable time, and the effect on consumers.

Note what the fourth question is about. It asks about supply, not about patents.