0911 ET - Treasury yields hover around Friday's settlement levels as the week once again starts with the threat of tariffs announced over the weekend. This time around, there seems to be less room for negotiation to avoid a 25% levy on steel and aluminium. Questions remain about how tariffs will impact inflation and Fed decisions on interest rates. Markets are mostly pricing not more than one cut this year, CME data show. That could be a sign of growing concerns about inflation. Chair Powell has his semiannual report to Congress tomorrow at the Senate and Wednesday at the House. The 10-year is at 4.486% and the two-year at 4.271%. (paulo.trevisani@wsj.com; @ptrevisani)
(END) Dow Jones Newswires
February 10, 2025 09:12 ET (14:12 GMT)
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