Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
U.S. Treasurys prices rose on Friday as data showing weakness in U.S. business investment in March supported the view that it is unlikely the Federal Reserve will signal next week it is close to raising interest rates.
The absence of a breakthrough in debt negotiations between Greece and its creditors also underpinned safe-haven demand for low-risk government debt, analysts said.
In advance of the two-day Federal Open Market Committee meeting that will begin next Tuesday, benchmark yields have traded in a 21 basis point range between 1.80 percent 2.01 percent in the past four weeks.
"We expect the FOMC to leave everything on the table and maintain a similar tone to the last statement," said Ira Jersey, head of U.S. interest rate strategy at Credit Suisse in New York. "We think the long end will remain relatively stable even if the Fed does become a bit more hawkish."
A wave of disappointing domestic data since the previous FOMC meeting has spurred economists to downgrade their outlooks for the U.S. economy in 2015. The U.S. Commerce Department said on Friday non-defense capital goods orders, excluding aircraft, a closely watched proxy for business spending plans, fell 0.5 percent last month.
In overseas developments, Greece offered some concessions on Friday on reforms demanded by international lenders in return for new funding, but euro zone creditors said negotiations must speed up to get a deal done by June, when the Greek government is expected to run out of cash.
The rise in Treasurys prices was muted by record highs on the Nasdaq and the together with a pullback in German Bunds, whose 10-year yields were on track for their biggest weekly rise since December.
In early afternoon trading, benchmark U.S. 10-year Treasury notes were yielding 1.922 percent, down 2 basis points from Thursday. The 10-year yield was set to rise 7 basis points on the week after hitting 1.993 percent on Wednesday, which was the highest in 3-1/2 weeks, according to Reuters data.
The 30-year bond yield was at 2.621 percent, down 3 basis points. The yield was on track to rise 11 basis points on the week.