The Treasury Renches increased on Tuesday when investors were waiting for the latest reading of the consumer price index report.
Benchmark 10 years of treasury performance There were almost 7 higher points at 4.278%. . 2-year treasury performance Last 4 base points higher at 3.937%, after an earlier day, falling to the lowest level from October.
One base point is 0.01%, and yields and prices move in opposite directions.
The consumer price index report is to be on Wednesday at 8:30 et. Economists surveyed by Dow Jones expect CPI in February to increase by 0.3% month month and 2.9% year on year. It is forecasted that the basic CPI, which sets food and energy prices, will increase by 0.3% month a month and 3.2% year on year.
The manufacturer's price indicator, another inflation indicator, is to be subject to Thursday. Both readings should shed some light on the health of the American consumer after the last signs indicating that the economy can soften.
These readings are ahead of the March meeting of the Federal Reserve, which will take place this month.
“It will be really important that we do not see the surprise in the CPI, because at this point the Fed has a lot of dry powder to enter to lower the rates and try to increase demand if the economy will significantly slow down. But they can really do it if they feel that inflation expectations and inflation are well anchored, “said Ross Mayfield, investment analysis.
They also increased after President Donald Trump announced the truth about social on Tuesday morning that the tariffs for importing Canadian steel and aluminum double to 50% from 25%, It is in force on Wednesday. This was a response to the decision of the Ontario government to impose a 25% obligation to export electricity to the USA
However, later on the same day Prime Minister Ontario Doug Ford he said He temporarily suspended a 25% subsidy after talking to the Secretary of Trade Howard Lutnick. Trade advisor in the White House Peter Navarro after this saying CNBC on Tuesday afternoon Trump did not raise Steel and aluminum canadian tariffs up to 50%.
On Tuesday afternoon, news He also broke that Ukraine agreed to a 30-day suspension of weapons, if Russia accepts, in the plan negotiated by the USA, the United States immediately resume the division of intelligence and assistance of security with Ukraine.