Treasury Yields Decline
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Treasury yields snap a five-day winning streak as President Trump revives tariff threats and adds pressure on the Fed to cut interest rates. FOMC minutes show most members expect a rate cut this year,
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Bankrate on MSNSurvey: Experts predict 10-year Treasury yield to dip lower over next year despite Trump tariff threatsMarket watchers expect the 10-year Treasury’s yield to fall to 4.18 percent in a year, from 4.28 percent currently.
The US budget legislation is expected to worsen the country's fiscal outlook without boosting economic growth.
Major stock indexes declined while the dollar strengthened against major currencies on Monday as President Donald Trump unveiled 25% tariffs on goods from Japan and South Korea and investors awaited further announcements in the White House's trade negotiations. Longer-dated US Treasury yields edged higher.