US Treasury: Investors are afraid of potential recession

The American Treasury grew on Tuesday when investors were waiting for the latest reading in the Consumer Price Index report.

Landmark 10-year-old treasury It was almost 7 basic points above 4.278%. A 2-year-old treasury yield The last 4 basic points higher by 3.937%, after previously filed to the lowest level since October.

One base point is 0.01%, and the yield and prices are moving in different sides.

The Consumer Price Index report is due on Wednesday at 8:30 am. Economists interviewed by Dow Jones expect the IPC in February 0.3% per month and 2.9% a year. The main CPI, which deprives the cost of food and energy, is forecast to have increased by 0.3% a month and 3.2% a year.

The manufacturer’s price index, another inflation sensor, must be released on Thursday. Both indications should shed light on the health of the US consumer after the last signs that indicate that the economy can mitigate.

These readings are ahead of the March meeting of the Federal Reserve, which will take place at the end of this month.

“It will be very important that we do not see the turning point on the PCC, because at this point the Fed has a lot of dry powder to enter to reduce rates and try to increase the demand when the economy is meaningful. But they can only do it when they feel that inflation and inflation are well -assigned,” said Ros. Baird.

Yields also grew after President Donald Trump announced on social truth on Tuesday morning that the tariffs on Canadian steel imports and aluminum will double to 50% of 25%, Effective Wednesday. This was in response to the Antario government’s decision to recover 25% of the US -export duty in the US

However later on this day Prime Minister Ontario Doug Ford – Note He temporarily suspended 25% of the surcharge after talking to US Secretary of State Howard Lutnik. The White House Trading Advisor Peter Navaro followed Trump wouldn’t have lifted Canadian steel and aluminum tariffs up to 50%.

On Tuesday afternoon news It also unfolded that Ukraine agreed to a 30-day ceasefire when Russia will accept, in terms of the US, the United States will immediately resume intelligence and assistance with Ukraine.