Daily Insights and finance industry analysis

Yields decline slightly on economic data. Yet another weak consumer confidence report spurred a decline in Treasury yields today, though the move was immaterial. Yields declined 1-3 bps across the curve, partially offsetting yesterday’s 7-9 bp rise. Meanwhile, crude oil prices declined this morning after the US announced a ceasefire was reached between Ukraine and

Yields mixed across a steepening curve. Rates have remained nearly unchanged since Wednesday’s FOMC meeting, where the Fed reaffirmed expectations for two rate cuts this year while emphasizing a patient approach toward monetary easing. Yields fell 1-3 bps at the front end of the curve and climbed 1-4 bps at the long end today, pushing

Yields plummet post-FOMC decision. Treasury yields grinded higher throughout the day but reversed course post-Fed, closing the session 3-7 bps below opening levels. The short end of the curve was up 5 bps but fell ~11 bps immediately after the release of the updated Dot Plot, Chair Powell comments, and news that the Fed will

Rates mixed following retail sales figures. The short end of the yield curve climbed slightly today despite lower-than-expected retail sales in February and a downward revision in January. The short end rose ~4 bps in the immediate aftermath of the data, and yields were nearly unchanged throughout the remainder of the session, closing 2-3 bps higher

Yields climb following CPI data. February CPI was lower than expected across all measures, fueling increased demand for risky assets. Treasurys sold-off as yields closed the session 3-4 bps higher across the curve. Volatility faded after the initial market reaction, and yields were little changed after 9 AM ET. Meanwhile, the risk-on sentiment produced an

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