Bonds & Stocks
US Treasuries added to their recent rally-sending the five-year note’s yield to the lowest level since October-as global trade tensions rose ahead of President Donald Trump’s tariff announcement. The five-year yield declined as much as six basis points to 3.87% and is 10 basis points lower since Friday. Treasury yield across maturities were lower by similar amounts, approaching their 2025 lows.
Economy
President Donald Trump’s deliberations over his plans to impose reciprocal tariffs are coming down to the wire, with his team said to be still finalizing the level and scope of new import taxes he is slated to unveil on Wednesday afternoon.
World
China has taken steps to restrict local companies from investing in the US, according to people familiar with the matter, in a move that could give Beijing more leverage for potential trade negotiations with the Trump administration.