Bonds & Stocks
Stocks edged up as solid results from big banks offset news pointing to an escalation of the trade war between the world’s two largest economies. Bonds and the dollar stabilized, with the yield on 10-year Treasuries little changed, and commodities such as West Texas Intermediate crude and spot gold experiencing minimal changes.
Economy
Treasuries fell, while investors pushed the compensation they demand to hold longer-dated bonds to the highest in more than a decade, as the fallout from US tariff policies overshadows markets. The 10-year yield was up two basis points to 4.39% on Tuesday after falling the most since January on Monday.
World
China has ordered its airlines not to take any further deliveries of Boeing Co. jets as part of the tit-for-tat trade war that’s seen US President Donald Trump levy tariffs of as high as 145% on Chinese goods, according to people familiar with the matter.