Treasury yields decline and the dollar strengthens, inverting a recent trend as Trump says he isn’t planning to fire Fed Chair Powell.
Pressure on the central bank to cut interest rates hurt the safe-haven status of U.S. assets, accentuating a bonds and dollar selloff triggered by steep tariffs earlier this month. Trump also says tariffs on China “will come down substantially.”
March new home sales growth, due at 10 a.m. ET, is expected to moderate, in a WSJ survey.
The 10-year yield is at 4.287% and the two-year at 3.799%. The WSJ Dollar Index is flat. The greenback strengthens 0.1% versus the yen and the euro.