Trump Criticizes Powell as U.S. Treasury Yields Show Mixed Results
According to Jinse, the 10-year U.S. Treasury yield rose while the 2-year yield fell, driven by investor concerns over the fate of Federal Reserve Chair Powell and the impact of the trade war on market sentiment. The Conference Board Leading Economic Index for March deteriorated for the fourth consecutive month. Trump used social media to call for interest rate cuts and criticized Powell, heightening fears of dovish intervention. Data scheduled for release by the U.S. Treasury Department on Wednesday is expected to show whether foreign investors are increasingly reluctant to fund the U.S. government.
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