Treasury Yields Move Up, Tariff Turmoil Simmers Down
Treasury yields pushed north during the week with 10-year yields nearing their highest levels since May of this year; currently 3.07%. While global trade turmoil remains in the news, there appears to be a lull in the tit-for-tat on tariffs as China is said to be planning to cut the average tariff it charges on imports from many of its trading partners. As investors await the latest twist on trade, they can more easily focus on fundamentals and fundamental drivers, including the outlook for corporate earnings and global growth. The market is awash with good economic news without much concern over inflation.