The US Treasury’s revenues fell on Thursday, as the market received positive news about inflation and the breath of sigh investors after President Donald Trump provided a 90 -day tariff in most countries, which reflected a sharp sale of bonds.
At 11:13 am Each time 10 years of treasury The return was about 5 basis points at 4.351 %, and Treasury bonds for two years More than 13 basis points decreased to 3.82 %. On Wednesday, the cabinet increased for 10 years to more than 4.51 % at its highest levels, driven by extraordinary fluctuations in the bond market.
One basis point equal to 0.01 % and move background to prices.
The return decreased after a The cooler inflation report is expected For the month of March. The latest reading of the consumer price index showed an increase of 2.4 % on an annual basis. Economists expected a 2.6 % increase, according to Dow Jones.
Investors were exempted after Trump’s announcement on Wednesday afternoon A 90 -day tariff “stop” All affected countries, which involve raising the rate to “10 % global tariff” during that time. This decline has excluded China, which is now facing 145 % cumulative duties on its goods, and the White House confirmed to CNBC on Thursday.
the Bond market The focus was sharp on Wednesday, when investors sold their bond property, which led to low prices and produced. This was not unexpected as investors usually flow on US Treasury bonds during market fluctuations.
Kevin Haysit, director of the National Economic Council, told CNBC on Thursday that the moves in the bond market added, “Perhaps a Little urgency“To stop part of the definitions.
In addition, the powerful demand for treasury bonds for a period of 10 years at the debt auction on Wednesday reduced investor concerns.
“While there was a concept of concept as a guide on Trump that was placed in the wake of the extremist market conditions that we highlighted yesterday morning, the genie is still outside the bottle on the inability to predict politics,” analysts in Deutsche Bank said in a note.
“In fact, the minimum global tariff by 10 % represents the largest increase in customs tariffs in decades and is likely to continue the increased trade uncertainty, with a limited vision on the type of deals that the United States will find acceptable.”
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