US Bond Product Slide Dollar

Unlock the editor’s digestion free

FT editor Roula Khalaf, chooses his favorite stories in this weekly newsletter.

The fall of the expensive productivity of the US bond, the decline in pressure, the decline in investors will not push the federal reserves, despite the insistent inflation.

The 10-year treasury product decreased by 4.28 percent in the lowest level since mid December. Last month, over 4.8 percent, was given by a growing worldview of the landing SMI OF DATA showed the thought of a weak consumer and work.

This hit dollarsThis year, 2 percent peers against a basket, Donald Trump’s return to the White House will continue to save the currency. The dollar strongly strengthened the bets that the new president’s tariffs and immigration areas would prevent the reduction in the effects of inflation.

“Slowing down the slowing and higher inflation expectations are a more negative for US dollars,” Lee Hardman, the Bank Group MUFG was heading in MUFG.

Investors say the reality Treasure After taking into account inflation, the productivity, which represents the return of the proposal, was a particularly important driver of the currency.

Protected securities (tips) incurred in connection with 10 years of treasury have fallen down on Tuesday, from the beginning of December and 2.3 percent of last month.

Continuous inflation pressures put the feeder in a garden, because naturally responded slowly or even the signal rate rises. However, the flag growth – and broadcasts a wide range from a fed phawell’s low-debt costs of Jay Powell – pushed in the other direction.

Trump first sharp criticized Following the rates last month, but later said that it was “correct work.”

JPMorgan analysts, in a note last week, along with the acute tariff in the U.S. recent inflation, along with the Fed policy (significant erosion of the necessary erosion).

Close-term inflation expectations, Trump’s tariffs rose as an investor price. The so-called two-year continuous – the difference between real fertility and nominal productivity and the best guesses in the investors are in inflation – the highest level has reached the highest level since the beginning of 2023.

US inflation rose to 3 percent in January and in the last Fed protocols He warned about the “underscore risk” for inflation. Consumer expectations of long-term price growth have been the highest level since 1995.

Nevertheless, investors bet on feeding will reduce the ratiers by the end of the year by one more half percent.

The fund managers said that the market was taken into account in the end of the parking lot launched by the new president, as well as the vibration of the immigration and sweeping sweeping work in the public sector, the internal growth of other policies.

The nominal US treasury product has fallen sharply since the midfield of January.

“Did the markets see us exceptional?” He said that Yupiter is the management of the assets, as well as the fact that the tariffs, the interruption and other areas are uncertainty, the lesser investment, hiring and growth.

In addition to weak dollars and low fertility, “the increase in our next question will be to re-evaluate risk assets again,” he said. After hitting a number of record heights, the shares lost place in recent meetings.

Last week, the S & P request request, the US services sector for the first time has been contracted in more than two years.

UBS analysts fell before this month, the inflation remains high, the expectations of inflation reflect the opposite of the tariffs.