Treasuries rose on Tuesday, with the yield on the ten-year note dropping to 4.022 percent. This followed a 9.7 basis point decline on Friday, reaching its lowest level in a month due to trade tensions between the U.S. and China. China’s Ministry of Commerce blamed Washington for the dispute over rare earths and imposed sanctions on U.S. subsidiaries. Federal Reserve Chair Powell did not offer new insights on interest rates at a business economics meeting, stressing the challenges of balancing maximum employment and 2 percent inflation. The author’s views do not reflect those of Nasdaq, Inc.

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