The yield on the US 10-year Treasury note held around 4.37% on Tuesday after declining for four consecutive sessions, as investors remained cautious ahead of the August 1 deadline for trade deals with the US. Treasury Secretary Scott Bessent said Monday the administration prioritizes the quality of trade agreements over their timing, adding that President Donald Trump will decide whether to extend the deadline for countries making productive progress. On the monetary front, attention turns to Federal Reserve Chair Jerome Powell’s remarks at an event in Washington later today for potential clues on rate policy. While Trump continues to pressure the Fed to cut interest rates, markets have yet to fully price in a move this month.
Manage Consent
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.
The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.