U.S. Treasury Yields Mixed Ahead of Jobless Claims as Trump Targets Powell
U.S. Treasury yields showed mixed movements on Thursday as investors awaited the release of weekly jobless claims data, which is expected to indicate a robust labor market. The 10-year yield remained largely unchanged at 4.2835%, while the 2-year note fell slightly and the 30-year bond rose. Market sentiment is influenced by ongoing uncertainty regarding the Middle East conflict and its economic implications, highlighted in the Federal Reserve's recent Beige Book report. Compounding this uncertainty, President Donald Trump has threatened to fire Federal Reserve Chair Jerome Powell if he does not resign from his board governor position after his chair term ends in May. Trump has nominated Kevin Warsh as Powell's successor. Investors are also monitoring upcoming speeches by New York Fed President John Williams and Fed Governor Stephen Miran. Consensus estimates predict a slight rise in industrial production for March. The interplay between geopolitical tensions, political pressure on the Federal Reserve, and key economic indicators continues to shape market expectations for future interest rate decisions.
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U.S. Treasury Yields Mixed Ahead of Jobless Claims as Trump Targets Powell
U.S. Treasury yields showed mixed movements on Thursday as investors awaited the release of weekly jobless claims data, which is expected to indicate a robust labor market. The 10-year yield remained largely unchanged at 4.2835%, while the 2-year note fell slightly and the 30-year bond rose. Market sentiment is influenced by ongoing uncertainty regarding the Middle East conflict and its economic implications, highlighted in the Federal Reserve's recent Beige Book report. Compounding this uncertainty, President Donald Trump has threatened to fire Federal Reserve Chair Jerome Powell if he does not resign from his board governor position after his chair term ends in May. Trump has nominated Kevin Warsh as Powell's successor. Investors are also monitoring upcoming speeches by New York Fed President John Williams and Fed Governor Stephen Miran. Consensus estimates predict a slight rise in industrial production for March. The interplay between geopolitical tensions, political pressure on the Federal Reserve, and key economic indicators continues to shape market expectations for future interest rate decisions.
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