Daily Insights and finance industry analysis

Yields rise as US-China tensions ease. UST yields gradually climbed higher throughout the morning as Trump’s comments on trade tensions with China eased market worries of a potential trade war. In the afternoon, yields traded in a tight 2 bp range and ultimately ended 3-4 bps higher across with the curve. The 2-year yield closed

Yields fall as markets turn risk-off. UST yields traded in a tight range today, until midday, when concerns of borrower creditworthiness in two regional banks rippled through US markets. In the immediate aftermath, yields fell ~6-10 bps, with the 2-year declining to its lowest level since September 2022 and the 10-year yield falling below the

Yields end the day largely unchanged as US-China tensions play out. UST yields traded in a 5 bp range today as markets continued to process the impact of trade tensions between the US and China. Yields declined by 2-3 bps overnight, but rose throughout the morning and much of the afternoon. Yields ended the day somewhat

Yields decline again as US–China tensions continue. After yields plummeted 6-11 bps on Friday, volatility was relatively muted this morning after President Trump softened his tone toward China over the weekend. However, yields declined 3-4 bps in the afternoon as tensions re-kindled, with Trump calling China’s boycott of US soybeans an “economically hostile act.” The 2-year

Yields fall as Trump tariff threats trigger a flight to safety. Rate volatility surged today after President Trump threatened a “massive increase” of tariffs on Chinese goods, which fueled broader concerns about a global economic slowdown. At the end of the session, news broke that it would be an additional 100% tariff rate, which spurred a

Yields inch slightly higher in the absence of data. UST yields traded in a tight 2 bp range for the majority of the session, as jobless claims and trade data were postponed today by the government shutdown. In the afternoon, the $22B 30-year auction saw weak demand, which further supported the slightly elevated levels. The

Yields close largely unchanged despite FOMC minutes. UST yields declined 1-3 bps overnight but grinded higher throughout the remainder of the session, with the reversal partially driven by weak demand at today’s $39B 10-year auction. Soon after, September FOMC meeting minutes were released, but the generally mixed tone among policy voters had little impact on rates.

Yields fall slightly despite ongoing government shutdown, increased inflation expectations. UST yields edged lower throughout the session despite higher than expected NY Fed 1-year inflation expectations data, which rose to 3.38%, the highest in five months. Strong demand at a $58B 3-year treasury auction largely overshadowed the inflation data and fueled a 1-4 bp decline across

Longer-dated yields edge higher on European fiscal concerns. UST yields traded within a 4 bp range today as markets remained quiet amid the US government shutdown. The long-end of the curve saw relatively elevated volatility after France’s new Prime Minister, Sebastien Lecornu, announced his resignation. This comes as the politically fragmented French parliament refuses to compromise, heightening Lecornu’s

Yields climb higher as US government shutdown continues. Rate market volatility remained muted today as the government shutdown forced payrolls data to be postponed. However, ISM services data came in below estimates, highlighting a slowdown in the services industries, while prices remained elevated. Higher prices likely contributed to today’s climb in yields, where the 2-year