US Treasury yields transfer larger after Powell feedback
The info come amid rising concern concerning the international financial system. Knowledge out of China final week confirmed its exports slumped 20.7 % from a yr earlier, far under analyst expectations and wiping out a shock soar in January.
On Sunday, Fed Chair Powell advised “60 Minutes” that he thinks the U.S. financial system continues to be robust, although he acknowledged that weak point around the globe might begin to hit the U.S.
“I might say there is no purpose why this financial system can not proceed to develop,” he stated.
On Monday, traders will regulate extra information out Monday, with retail gross sales out at 8:30 a.m. ET and enterprise inventories at 10:00 a.m. ET.
Additionally on Monday, the Treasury is ready to public sale $48 billion value of 13-week notes, $39 billion value of 26-week notes and $38 billion value of three-year notes.
—CNBC’s Spriha Srivastava contributed to this text.