Mixed Results Trend Positive
U.S. Treasury yields flirted with 3 percent this week as investors reacted to mixed earnings results and some relief on tariffs. Early in the week, positive earnings results boosted investor sentiment as Boeing, Verizon and Google’s parent, Alphabet, reported strong earnings. As the week progressed however, other big names, including Facebook General Motors and Daimler AG (Mercedes-Benz) disappointed investors as they reported earnings. While some firms and their earnings have been impacted by recent tariffs, tax cuts and a strong U.S. economy are generally supporting a solid earnings period. Even with some mixed results, positive headwinds have driven Treasury yields up 10 basis points in the last week.