Five-year breakevens initially dipped Friday after President Donald Trump said the U.S. hasn’t agreed to roll back all the tariffs on China, before rebounding alongside Treasury yields. Benchmark 10-year rates soared 23 basis points last week to 1.94%, in the biggest leap since September.
Trump could send more shock waves through the bond market in the days ahead. On Tuesday, he’s scheduled to deliver a speech focused on trade and economic policy at the Economic Club of New York.
This article was provided by Bloomberg News.