Both equity prices and bond yields took another step lower this week, as escalating trade tensions stoked fears that the ongoing disputes could cause real damage to the U.S. economy.
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Financial markets once again took direction from the volatile US-China trade negotiations as the likelihood increased that the current trade disagreements will result in a full-blown trade war...
The month of May began with a flurry in the bond market, as Wednesday's FOMC meeting and Friday's employment report triggered sizable moves in bond yields...
Friday's GDP report pushed bond yields further into negative territory this week, closing out the week with 6-10 bps declines...
Bond yields ended the holiday-shortened week on Thursday fractionally lower after reversing a mid-week spike...
After treading water for much of the week, yields rose markedly on Friday followedly a strong earnings report from JP Morgan and an upbeat series of Chinese economic releases...
Yields rose across the curve this week amid a series of mixed economic releases...
Rates ended the week largely unchanged, providing a bit of stability following last week's significant declines...