0920 ET - Treasurys sell off, pushing yields higher, and the dollar strengthens as increased tariffs clarity improves the mood on Wall Street. A sharp reduction on bilateral tariffs between U.S. and China, following last week's U.K. deal, helps investors have a better sense of what lies ahead. Meanwhile, April 12-month consumer inflation index, due tomorrow, is expected to slow a little, in a WSJ survey, potentially giving the Fed more room to cut interest rates if unemployment rises. Yields are rising across the board. The 10-year is at 4.459% and the two-year is at 3.999%. The WSJ Dollar Index rises nearly 1%. (paulo.trevisani@wsj.com; @ptrevisani)
(END) Dow Jones Newswires
May 12, 2025 09:20 ET (13:20 GMT)
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