Trade War Uncertainty Continues to Weigh on US Bonds
US government debt prices edged lower on Tuesday as concerns over US-China trade war and its possible impact on the economy continued to,,
Arslan Butt•Tuesday, June 4, 2019•1 min read
US government debt prices edged lower on Tuesday as concerns over US-China trade war and its possible impact on the economy continued to weigh on financial markets. The yield on the 10-year US Treasury note rose to 2.1020% while the 3-year Treasury note’s yield went up to 2.5577%.
Furthermore, recent comments from Fed officials have been signalling a possible rate cut by the central bank in the near future. Previously, economists were expecting Fed to raise interest rates in 2019, and as a result, were anticipating the 10-year Treasury note’s yield to climb to more than 3%.
Investors are also adopting a cautious approach ahead of the release of US factory orders data for April 2019.
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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