The sharp fall witnessed in the Treasury bond yields following US President Donald Trump’s surprise announcement of additional tariffs on Chinese imports starting next month ramped up the odds of one more 25 basis points Fed rate cut in September. The CME Group’s FedWatch Tool, which showed a 48% chance of a September rate cut following Fed Chairman Powell’s neutral tone on policy outlook, was last at 72%. “Trade talks are continuing, and during the talks the US will start, on September 1st, putting a small additional tariff of 10% on the remaining 300 billion dollars of goods and products coming from China into our country,” Trump tweeted out, causing the 10-year T-bond yield to slump to its lowest level since November 2016 with a daily loss of more than 6%. “This does not include the 250 billion dollars already tariffed at 25%,” Trump concluded. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Dollar Index technical analysis: Powell brings DXY up and Trump spoils the bull party FX Street 4 years The sharp fall witnessed in the Treasury bond yields following US President Donald Trump's surprise announcement of additional tariffs on Chinese imports starting next month ramped up the odds of one more 25 basis points Fed rate cut in September. The CME Group's FedWatch Tool, which showed a 48% chance of a September rate cut following Fed Chairman Powell's neutral tone on policy outlook, was last at 72%. "Trade talks are continuing, and during the talks the US will start, on September 1st, putting a small additional tariff of 10% on the remaining 300 billion dollars of goods and products… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
