Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Indexes  >  US Dollar Index       

US DOLLAR INDEX

SummaryChartsNews 
News SummaryAll newsMarketScreener Strategies

U.S Government Bonds Gain After Trump Comments on China Tariffs

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/08/2019 | 12:58pm EST

By Daniel Kruger

U.S. government bond prices rose Friday after President Trump said he hadn't agreed to roll back tariffs on China, boosting demand for safe assets.

The yield on the benchmark 10-year Treasury note declined to a recent 1.903% compared with 1.924% Thursday, according to Tradeweb.

Yields, which fall when bond prices climb, slipped after Mr. Trump's comments, which put him at odds with a statement from China that a reduction in tariffs would be part of the first phase of a new trade agreement.

The move helped reverse an earlier climb in yields spurred by speculation that the two countries were continuing to make progress toward an accord. Hopes for an agreement that would lower trade barriers have helped improve the outlook for global economic growth in recent weeks and reduced the appeal of the safety of government bonds.

European government bond yields fell, following gains Thursday that pulled yields on 10-year sovereign debt above zero in France and Belgium for the first time in several months.

While Mr. Trump's comments probably don't represent a significant obstacle to reaching an agreement, they are an example of the risks that traders and investors face from the torrent of headlines that have accompanied these negotiations, analysts said.

"Yesterday they said they were close to a phase-one deal,"said Ray Remy, head of fixed-income trading at Daiwa Capital Markets America Inc."Today we're not really there, and then we lurch to lower yields."

Officials from China's Commerce Ministry said Thursday that tariff relief would be part of the first phase in a trade agreement between the two countries.

The WSJ Dollar Index, which measures the U.S. currency against a basket of 16 others, rose 0.2% to a recent 91.11.

Stocks mentioned in the article
ChangeLast1st jan.
EURO / US DOLLAR (EUR/USD) -0.03% 1.10756 Delayed Quote.-3.39%
US DOLLAR INDEX 0.07% 97.93 End-of-day quote.1.29%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on US DOLLAR INDEX
06:35aDollar dips as spotlight remains firmly on U.S./China trade
RE
06:28aDollar dips as spotlight remains firmly on U.S.-China trade
RE
11/20Global shares slide on U.S.-China spat over Hong Kong, dollar gains
RE
11/20Shares slide on U.S.-China spat over Hong Kong, dollar gains
RE
11/20Shares slide on U.S.-China spat over Hong Kong, dollar gains
RE
11/20Dollar rises as 'Phase One' U.S.-China trade deal remains elusive
RE
11/20Dollar rises as 'Phase One' U.S.-China trade deal remains elusive
RE
11/20Dollar Rises On Trade Concerns -- Market Talk
DJ
11/19Oversupply angst drags oil lower, stocks drift near highs
RE
11/19Oversupply angst drags oil lower, stocks drift near highs
RE
More news
Chart US DOLLAR INDEX
Duration : Period :
US Dollar Index Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends US DOLLAR INDEX
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral