Eyes on the East as Tariffs Loom
The market is focused on China these days as first wave of tariffs on Chinese goods is set to take effect July 6. Concerned that U.S. tariffs will trigger a trade war, investors have retained a risk-off attitude. Equities have suffered as a result, but U. S. Treasury yields have remained stable as investors appear leery of the market. 10-year Treasury yields are currently “resting” at 2.90%.