Bond Market

Treasury Yields Fall, Jobs Report Sparks Tumult: Trump Fires Bureau of Labor Statistics Head

The jobs report triggered a significant surge in bond prices, hinting at a potential Federal Reserve rate cut in September. The nonfarm payrolls for July fell short of expectations, with downward revisions to May and June’s figures. The 2-year note yield plummeted, while the 10-year and 30-year Treasury note yields also declined. Further contributing to the market’s reaction, Federal Reserve Governor Adriana Kugler announced her resignation, and President Trump updated tariff rates.

US Election 2024

Fox News Confirms Trump’s Tariff Capitulation Amidst Market Manipulation Accusations

President Trump unexpectedly reversed course on his reciprocal tariffs, a move attributed by Fox Business senior correspondent Charlie Gasparino to a significant jump in the 10-year Treasury yield, reaching 4.50 percent. Gasparino claims the White House capitulated due to pressure from the bond market, specifically citing Japan’s bond dumping fueled by concerns over the business climate. Despite no concrete trade deals, Trump framed the tariff pause as a victory. This reversal led to substantial gains in major stock market indices, including the Dow Jones and Nasdaq, erasing earlier losses driven by trade war anxieties.

John Q. Hosedrinker Apr 10, 2025

Bond Market

Treasury Yields Fall, Jobs Report Sparks Tumult: Trump Fires Bureau of Labor Statistics Head

Fox News Confirms Trump’s Tariff Capitulation Amidst Market Manipulation Accusations

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