Treasuries initially strong due to tariffs, but pulled back; positive for treasuries.

From Nasdaq: 2025-02-03 15:21:07

Treasuries started strong on Monday due to safe haven demand after Trump imposed tariffs on Canada, Mexico, and China. The yield on the ten-year note dropped to 4.543 percent. Trump later agreed to pause tariffs on Mexico for one month after reinforcing border security. U.S. manufacturing activity expanded in January, with the ISM PMI rising to 50.9 from 49.2 in December. Tuesday’s trading will be influenced by U.S. economic data on job openings and factory orders.



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