U.S. Treasury yields slipped lower on Monday as investors seek refuge following a turbulent weekend in the U.S.-China trade war.
The critical spread between the 10-year and 2-year yield will be in focus once again, having inverted multiple times through Friday's session as the trade war intensified. The inversion of the 2-year/10-year yield curve is a widely watched signal of oncoming recession.
At a meeting of the Group of 7 leaders in France over the weekend, Trump also suggested that he could declare the trade war as a "national emergency." The heightening of tensions comes after Beijing announced new tariffs on $75 billion of U.S. goods on Friday, prompting Trump to tweet that U.S. companies were "ordered" to immediately look for alternatives to China.
In response to the tariffs, Trump said he would raise existing duties on $250 billion in Chinese products to 30% from 25%, and that new tariffs on a further $300 billion of Chinese goods, due to take effect on September 1, will now rise from 10% to 15%. Auctions will be held Monday for $45 billion in 13-week Treasury bills and $42 billion in 26-week bills.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Police have issued explosion warnings to residents near SpaceX's South Texas launch site ahead of an experimental launch attempt set for MondaySheriffs gave a notice to residents of Boca Chica on Saturday that warns an 'overpressure event' may break windows, so they should vacate their homes.
Read more »
European stocks set to open lower amid rising US-China trade tensionsEuropean stocks are set to begin Monday's session in the red as investors react to the latest escalation in the U.S.-China trade war.
Read more »
Global Stocks Fall as Trade Tensions EscalateGlobal stocks and government bond yields fell as a new escalation in commercial tensions between the U.S. and China cast fresh doubt on growth prospects.
Read more »
Asia stocks set to drop as US-China trade war intensifiesStocks in Asia were set to trade lower on Monday following an escalation in the U.S.-China trade war late last week.
Read more »
Here’s why the bond market isn’t as worried about a recession as you thinkSome investors say the recent decline in Treasury yields may not be indicative of a looming economic slowdown.
Read more »
Asian shares tumble as US-China trade war renews uncertaintyTOKYO (AP) — Asian shares tumbled Monday after the latest escalation in the U.S.-China trade war renewed uncertainties about global economies, as well as questions over what President Donald Trump...
Read more »