Daily Insights and finance industry analysis

Rates spike late in the session on positive geopolitical news. Treasury yields were little changed throughout most of the session but climbed in the late afternoon on news that Ukraine accepted a US proposal for a 30-day temporary truce with Russia. As part of the plan, the US agreed to resume security assistance to Ukraine and

Rates fall on labor data but rebound after Powell comments. Treasury yields declined across the curve following this morning’s labor data, which was generally weaker than expected and spurred bets that the Fed would be more aggressive with monetary easing. However, the narrative flipped after Chair Powell offered relatively hawkish comments, prompting a 10bps rise

US markets risk-off again despite tariff pullback. The short end of the yield curve fell 8 bps overnight but reversed course after President Trump agreed to delay additional tariffs on Canada and Mexico. Yields briefly climbed above opening levels but gradually declined throughout the afternoon, closing 5 bps lower at the short end of the

Yields close well above intraday lows following more tariff news. President Trump delayed automaker tariffs on Mexico and Canada today, which fueled a Treasury sell-off after rates had declined 6+ bps this morning. Stronger than expected services sector data and durable goods orders contributed as well. Yields closed 1-4 bps higher across the curve, a ~10

Yields whipsaw and close higher in a volatile session. Treasury yields declined overnight and remained lower this morning after China and Canada announced retaliatory tariffs on the U.S, spurring additional fears about the potential for prolonged trade wars. However, yields surged in the afternoon following news from Commerce Secretary Howard Lutnick that President Trump may reduce

Yields fall after President Trump pushes for additional tariffs. The market’s flight to quality continued today with a rally in Treasurys and an equity sell-off. Trump tariffs and weak economic data were the drivers of today’s move, similar to the past several sessions. Treasury yields are currently 50-65 bps lower than YTD highs after today’s

Rates fall late in the session on tariff talks while Nvidia spurs an equity sell-off. Treasury yields declined ~5 bps this afternoon following clarification from President Trump that 25% levies against Canada and Mexico will take effect on March 4th, while the US will impose additional 10% tariffs on China. Prior to the past few

Rates decline following President Trump’s tariff comments. Markets were risk-off today after President Trump reaffirmed his commitment to enacting tariffs against the EU, Mexico, and Canada. Trump stated, “I’m not stopping the tariffs,” before specifying that levies against the EU would be 25%. Treasury yields dropped 2-5 basis points with markets concerned about slowed global economic

Yields plummet again. A weak slate of economic data pulled rates down 8-11 basis points across the curve today to their lowest levels of the year. The 2-year Treasury yield closed at 4.09%, over 25 bps off the YTD highs, while the 10-year yield closed 50 bps below YTD highs at 4.30%. Risk assets were

Treasury yields decline in a relatively quiet rates session. Treasury yields declined 1-4 bps across the curve today, extending Friday’s 7 bp drop.The move was gradual and came without a clear catalyst, though record demand at a $69B auction of 2-year Treasurys contributed. Equities generally sold-off in the risk-off session as markets await Nvidia’s earnings