Bond Market Momentum Shifts Bears’ Way as Sell Signals Flash
Bloomberg.com • • business
Key Points:
- The US Treasury market experienced a shift toward bearish sentiment due to multiple pressures, including the Supreme Court's decision against Donald Trump's tariffs.
- The Supreme Court struck down Trump's global tariffs, potentially eliminating a significant source of government revenue used to finance the deficit.
- Recent jobs data and higher-than-expected inflation readings indicate a strong labor market and suggest that further Federal Reserve rate cuts are unlikely in the near future.
- As a result, US Treasuries fell last week for the first time in a month amid concerns over fiscal and monetary policy developments.
