|Day's Range||3.01 - 3.03|
|52 Week Range||2.03 - 3.12|
Trump signaled a new direction for the trade talks, saying the current track appeared "too hard to get done", a day after telling reporters that he was not pleased with the recent talks. The latest uncertainty comes as investors prepare to assess the Federal Reserve's May meeting minutes, scheduled for release at 2:00 p.m. ET, for indications of how many rate hikes are likely this year. The U.S. central bank lifted borrowing costs in March and policymakers are split between those who expect another two rate hikes this year and those who forecast three, in the backdrop of low unemployment, moderate growth and rising inflation.
With relative calm at the central bank about the future path for interest rates and no press conference or economic forecasts to prepare, the Federal Reserve’s meeting at the beginning of the month was a time to debate big-picture topics and some new ideas that might get floated to the market. Fed officials kept rates steady after the May 1-2 meeting and made only a few tweaks to their five-paragraph statement that mainly signaled a willingness to tolerate inflation above the 2% target. Minutes of the meeting will be released at 2 p.m..
The yield on U.S. Treasurys dropped on Wednesday as investors rushed to buy safe havens such as bonds after comments from President Donald Trump sparked concerns of trade policies that could weigh on global growth. Meanwhile in Italy, borrowing costs spiked as traders waited for President Sergio Mattarella’s decision on the prime minister candidate put forward by a euroskeptic alliance to lead their coalition government. The 10-year Treasury note yield(XTUP:TMUBMUSD10Y=X) fell 5 basis points to 3.012%, pulling further away from the seven-year intraday high of 3.125% reached last Friday.
U.S. stocks fell Wednesday after retail giant Target reported earnings that missed expectations while trade talks with China remained uncertain.
Treasury prices inched lower on Tuesday, sending the 10-year yield back up toward 3.1% as traders looked ahead to the release of the minutes of the Federal Reserve’s last policy meeting on Wednesday. In Europe, yields pulled back with all eyes remaining on Italy as the country’s two populist parties waited for President Sergio Mattarella to make a decision on their prime minister candidate. The 10-year Treasury note yield(XTUP:TMUBMUSD10Y=X) rose 0.9 basis point to 3.075%, keeping it close to the seven-year intraday high of 3.125% last Friday.
U.S. government debt prices were lower Tuesday, ahead of the release of minutes from the latest Federal Reserve meeting due Wednesday.
The bond market is showing signs of an upcoming correction and investors should sell their shares in listed companies, a strategist told CNBC on Tuesday.
U.S. government bonds were little changed Monday ahead of the scheduled sale of $115 billion of short- and intermediate-term notes. Yields steadied and stock prices gained as investors perceived risks of a trade war with China had cooled. Treasury Secretary Steven Mnuchin told Fox News on Sunday that the U.S. was “putting the trade war on hold” and wouldn’t assess tariffs on Beijing while the two sides talked.
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after Lowe's Companies reported Q1 2018 earnings.
Jonathan Corpina, Senior Managing Partner at Meridian Equity Partners, joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.