U.S. Treasurys fall ahead of key Jun. inflation data
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Treasury yields snap a five-day winning streak as President Trump revives tariff threats and adds pressure on the Fed to cut interest rates. FOMC minutes show most members expect a rate cut this year,
President Donald Trump's renewed calls for Federal Reserve Chair Jerome Powell's resignation have prompted investors to protect portfolios against the risk of higher inflation, as a central bank more willing to lower interest rates could fuel price rises and make lenders demand higher compensation to hold bonds.
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Bankrate on MSNSurvey: Experts predict 10-year Treasury yield to dip lower over next year despite Trump tariff threatsMarket watchers expect the 10-year Treasury’s yield to fall to 4.18 percent in a year, from 4.28 percent currently.
The US budget legislation is expected to worsen the country's fiscal outlook without boosting economic growth.
Most U.S. stocks are falling on Tuesday after an update on inflation hurt Wall Street's hopes for lower interest rates. But indexes are staying close to their records thanks to