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By Gertrude Chavez-Dreyfuss
NEW YORK, – U.S. Treasury yields edged higher on Thursday, recovering from sharp declines in the previous session, as the bond market stabilized a bit, with the U.S. having temporarily averted a disastrous trade war with Canada and Mexico.
The tariff threat, however, remains a lingering concern, with China’s import duties on U.S. goods set to take effect on February 10.
“The market is not only going to be data-dependent, but also policy-dependent,” said Vishal Khanduja, portfolio manager and head of broad markets fixed income at Morgan Stanley Investment Management in Boston. “At this time, fiscal policy will drive quite a bit of the volatility and the direction for the markets as well.”
Aside from tariffs, Khanduja expects news on…
