Trump, optimism of the European Union trade

Treasury yields slipped on Tuesday when the markets reopened after the holidays, supported by optimism surrounding American trade negotiations.

THE 30 -year -old The yield decreased over 6 base points to 4.975%. The 10 -year -old treasure lost nearly 5 base points at 4.465%. THE 2 years The yield was less than 1 base point less than 3.981%.

A basic point is equivalent to 0.01% and yields come opposite prices.

President Donald Trump announced this weekend that he postpone a planned 50% rate On the European Union until July 9, following a request from the president of the European Commission Ursula von der Leyen. The import right was initially to take effect on June 1.

“The EU and the United States share the most consecutive and narrowest trade relations in the world,” said Von der Leyen in a job On X during the weekend. “To reach a good deal, we would need time until July 9.” She added that the EU was “ready to advance talks quickly and decisively”.

Tuesday’s bond market movements are presented in the heels of a few volatile days before the Memorial Day. Last week saw a Global connection rout triggered by tax anxieties renewed after Moody’s Destroying the American credit rating And the concerns about Trump’s tax bill.

Investors also turn to the minutes of the federal reserve of its meeting from May 6 to 7, which will be published on Wednesday. On Friday, among the other data points which were due this week, the basic price of the basic personal consumer expenses of April.