Improving risk appetite reduces demand for Treasuries
Trump to decide on Iran response in next two weeks
Fed’s Waller says bank should consider cutting rates
June 20 – Longer-dated U.S. Treasury yields rose on Friday as stock markets rallied, reducing safe-haven demand for the bonds, and after Federal Reserve Chair Jerome Powell on Wednesday said policymakers expect inflation to rise over the summer. Stocks climbed after the White House said on Thursday that President Donald Trump would decide on potential U.S. involvement in the Israel-Iran conflict in the next two weeks, citing possible negotiations involving Iran soon. Iran said on Friday it would not discuss the future of its nuclear program while under attack by Israel, as Europe tried to coax Tehran back into negotiations.
“There’s a bit of a risk-on trade going on, meaning people aren’t really piling into Treasuries,” said Tom di Galoma, managing director at Mischler…
