US President Trump issued multiple executive orders on Monday, sparking anticipation among financial markets. However, no specific tariffs directive was included, leaving investors wondering about the implications for inflation and bond yields. Following a WSJ report on the delay, futures markets reacted at 8:30am on Tuesday, leading to some volatility in the bond market. Despite this, bonds have shown modest improvement since then, awaiting further details on the impact of the tariffs policy.
Source: https://www.mortgagenewsdaily.com/markets/mbs-morning-01212025