1539 ET - The 90-day tariff truce between the U.S. and China spurs risk-taking in Wall Street, resulting in a Treasury selloff that boosts yields. Tariffs remain higher than before Liberation Day, but the sharp reduction from triple-digits brings relief and some clarity to what future deals may look like. Tomorrow, CPI data is expected to show 12-month inflation steady at 2.4%, or 2.8% in the core print, according to a WSJ survey. The 10-year yield rises 0.080 percentage point to 4.454%, the highest since April 11. The two-year rises 0.117 p.p. to 3.999%, its highest settle since March 26.(paulo.trevisani@wsj.com; @ptrevisani)
(END) Dow Jones Newswires
May 12, 2025 15:39 ET (19:39 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Comments