Trade War Uncertainty Continues to Weigh on US Bonds - Forex News by FX Leaders

Trade War Uncertainty Continues to Weigh on US Bonds

Posted Tuesday, June 4, 2019 by
Arslan Butt • 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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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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