The benchmark 10-year Treasury yield dropped to its lowest level since December after President Trump announced an expansion of trade tariffs to the EU. The 2-year Treasury yield also fell. The decline in yields was fueled by concerns over the trade war and cooling of the US economy. Housing data and consumer confidence surveys showed weakening economic indicators. Experts expressed concerns about the tariffs and government spending cuts, noting the risk of an economic slowdown or recession. Traders are awaiting the release of the January Personal Consumption Expenditures index and the Federal Reserve's next meeting to discuss further rate cuts. Some believe the report signals the end of the rate cut cycle.



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