Well, at least for the time being. With there being heavy focus on the US deficit and Trump's warpath on trade, bonds won't be able to rest too easily. That especially with worries still permeating on the inflation front in particular. The Fed looks to be put off until at least Q3 despite constant pressure from Trump himself.
The drop since the highs last week for longer-term yields will also allow stocks to also catch a breath at least. But once we get through month-end especially, we'll have to see where all this leads us.
If the perception here is that the US isn't going to get things in order on the fiscal front, it just increases the likelihood of a further run higher in yields. That alongside the other factors above.
Should that happen, will Trump buckle under the pressure again and make concessions on trade? That will be interesting to see.
This article was written by Justin Low at www.forexlive.com.Hence then, the article about 30 year treasury yields nudge back towards 5 mark for now was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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