Chicago Fed President Charles Evans noted that the shape of the yield curve was a cause for concern but said that economic fundamentals were strong.
Commenting on the US trade dispute with China, “President Trump’s brinksmanship style on trade has created quite a bit of uncertainty,” Evans said, per Reuters. “Markets are incorporating uncertainty and nervousness in current bond pricing.”
These comments don’t seem to be having a significant impact on market sentiment. As of writing, the 10-year US Treasury bond yield was up 0.45% on the day while the US Dollar Index was adding 0.4% at 98.72.
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