| To no great surprise, U.S. Treasuries continue to perform well on speculation that major central banks will keep a dovish stance as trade wars jeopardize global growth. Just this week, Chairman Powell let the markets know he is open to easier policy amid trade tensions. And as trade tensions weigh on the economy and spur bets on rate cuts, Friday’s jobs report will be especially scrutinized for signs of cracks in the world’s largest economy. The 10-year Treasury yield currently sits at 2.12%, down 34 basis points from a month ago and 85 basis points from a year ago. |
