US Treasury yields tick lower amid trade war concerns

U.S. government debt prices were slightly higher Monday morning, amid trade tensions between the world’s two largest economies and concerns of slowing global economic growth. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 1.7223%, while the yield on the 30-year Treasury bond was also lower at around 2.2371%. Market focus is largely attuned to simmering trade tensions between Washington and Beijing. On Friday, President Donald Trump said


U.S. government debt prices were slightly higher Monday morning, amid trade tensions between the world’s two largest economies and concerns of slowing global economic growth. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 1.7223%, while the yield on the 30-year Treasury bond was also lower at around 2.2371%. Market focus is largely attuned to simmering trade tensions between Washington and Beijing. On Friday, President Donald Trump said
US Treasury yields tick lower amid trade war concerns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: sam meredith
Keywords: news, cnbc, companies, tick, concerns, president, china, trade, tensions, war, amid, billion, yields, yield, set, yuan, treasury, lower


US Treasury yields tick lower amid trade war concerns

U.S. government debt prices were slightly higher Monday morning, amid trade tensions between the world’s two largest economies and concerns of slowing global economic growth.

At around 02:45 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 1.7223%, while the yield on the 30-year Treasury bond was also lower at around 2.2371%.

Market focus is largely attuned to simmering trade tensions between Washington and Beijing.

On Friday, President Donald Trump said he was not ready to make a deal with China and called into question the next round of trade talks. It comes after the U.S. president said he would impose a 10% tariff on the remaining $300 billion worth of Chinese imports on September 1. China responded by halting its purchases of U.S. agricultural products.

Last week, the U.S. accused China of being a currency manipulator after Beijing allowed the yuan to dip below the 7-per-dollar level for the first time in more than a decade.

On Monday, the People’s Bank of China (PBOC) set its daily midpoint for yuan trading — which determines the limits for its onshore movement — at 7.0211 per dollar. That was weaker than Friday’s session, but stronger than market expectations.

On the data front, the Federal Budget for July is expected to be published at around 2:00 p.m. ET.

Meanwhile, the U.S. Treasury is set to auction $42 billion in 13-week bills and $42 billion in 26-week bills.


Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: sam meredith
Keywords: news, cnbc, companies, tick, concerns, president, china, trade, tensions, war, amid, billion, yields, yield, set, yuan, treasury, lower


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