Market Watch: Rates on Thin Ice as Tariffs Loom
US Treasury yields remained unchanged despite a volatile day of trading, with investors waiting for the impact of upcoming reciprocal tariffs and weak macro data in the coming weeks. The Federal Reserve’s rate-cut anticipation is evident, but not reflected in the discount of recession risks. A 1-month SOFR floor of 3.5% and a 40-50bp swap … Read more