Trump does not impose tariffs on first day, leading to a decrease in US bond yields
Odaily Planet Daily News: According to foreign media analysis, Trump did not impose tariffs on his first day in office. He only briefly mentioned tariffs in his inaugural speech, but lacked preliminary clear details. The lack of detailed tariff measures has made investors more dovish about the outlook for US interest rates. Interest rate futures have increased the Fed's bet on a rate cut this year by 4 basis points, and it is expected that the Fed will lower interest rates to 3.9% by December. US two-year and 10-year treasury bond bond yields fell as a result. However, the threat of tariffs still lingers. Trump subsequently stated that he is considering imposing tariffs on Canada and Mexico, which has made the market uneasy and raised concerns among investors about inflation resurfacing. Analysts warn that even a cautious approach to tariffs could still raise concerns about inflation and keep US interest rates high for a longer period of time. (Golden Ten)