Daily Insights and finance industry analysis

Yields fall on Waller comments, decreasing inflation expectations. Fed Governor Waller offered dovish comments in a Bloomberg interview today, which largely fueled a 2-4 bp Treasury yield decline. Lower than expected University of Michigan inflation expectations also contributed, with the short term and long-term readings coming in at 4.4% (versus 5.0% est.) and 3.6% (versus. 3.9%

Yields close nearly flat despite retail sales beat. Stronger than expected retail sales briefly pushed yields to intraday highs before a near immediate price reversal and ~5 bp decline to session lows. Yields then climbed gradually throughout the remainder of the day, with the 2-year ending 1 bp higher at 3.91% and the 10-year nearly

Weak inflation data, Powell news spur a volatile session. June PPI data was lower than expected across all readings, which fueled a decline in Treasury yields amid bets for earlier rate cuts. The move then accelerated after reports said a White House official expected President Trump to remove Powell as Fed Chair. However, price action reversed

Yields rise following mixed inflation data. Policy-sensitive yields declined 4 bps in the immediate aftermath of today’s mixed inflation report before reversing course throughout the remainder of the session. Yields closed the day 3-6 bps higher across the curve, marking a 6-8 bp climb from intraday lows. The rise in rates likely reflected expectations for further

Yields rise slightly following a slew of tariff developments. Treasury yields closed 1-3 bps higher today, with 2-year and 10-year yields now at 3.90% and 4.43%, respectively. The rise came after President Trump announced new trade levies against the EU and Mexico over the weekend in addition to new potential measures against Russia today. Markets are

Trump tariff aggression pushes yields higher. US Treasurys sold-off today after President Trump threatened a 35% trade levy against some Canadian goods. The announcement continued this week’s tariff-heavy theme, and the uncertain outlook has led to diminished confidence in US assets. The yield curve steepened significantly, with the 2-year up 1 bp to 3.89% while

Yields fall amid more tariff developments, FOMC minutes. After yields rose 15+ bps over the past few weeks, price action reversed course today.Yields fell 4-7 bps across the curve, with the policy sensitive 2-year now at 3.84% while the 10-year closed just above 4.33%. The move came after additional tariff announcements and before today’s generally

Rates close marginally higher. Treasury yields rose 1-2 bps across the curve today as markets continue to digest tariff developments. This week’s rise has extended a ~17 bp climb from just a few weeks ago, which was largely spurred by strong labor data last Thursday. 2-year and 10-year yields are currently 3.89% and 4.40%, respectively.

Yields climb on tariff developments. The yield curve bear steepened today after President Trump announced new trade levies against foreign nations. The long-end of the curve rose 3-5 bps, likely a reflection of heightened expectations for tariff-driven price pressures. The 10-year yield closed at 4.38% while 20-year and 30-year yields are near 4.91%. The short-end

Yields rise following strong labor print. The policy-sensitive front end of the yield curve soared today following June hiring and unemployment figures that were much stronger than expected. The data could allow the Fed to continue their patient approach toward rate cuts, whereas a weaker report may have forced their hand in September (or even July).