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US Treasury yields slip as trade turmoil lingers

Key Points
  • Trade tensions continue to rattle investors, after President Trump issued another tariff threat on Friday, this time towards the European Union.

U.S. government debt yields slipped on Monday as trade concerned continued to weigh on economic sentiment.

The yield on the benchmark 10-year Treasury note was lower at around 2.88 percent at 4:18 p.m. ET, while the yield on the 30-year Treasury bond fell to 3.027 percent. Bond yields move inversely to prices.

U.S. Markets Overview: Treasurys chart

President Donald Trump took to Twitter to threaten another set of tariffs and bemoan current trade agreements over the weekend.

On Friday, the U.S. incumbent warned of a 20 percent tariff on all car imports from the European Union, stating that if the bloc refused to remove duties on U.S. cars, then Washington would have no choice but to act on these levies. Consequently, European markets were under pressure Monday.

Trump added on Twitter over the weekend that “all countries that have placed artificial trade barriers and tariffs on goods going into their country” should get rid of them, or face reciprocation from the U.S.

EU’s Katainen: There are no winners in a trade war
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US to give North Korea post-summit timeline with 'asks' soon, official says

Key Points
  • The U.S. will present a timeline to North Korea with "specific asks" of Pyongyang after a historic summit, a senior U.S. defense official said.
  • Secretary of State Mike Pompeo said he would likely travel back to North Korea "before too terribly long" to try to flesh out commitments made at the June 12 summit in Singapore between Trump and Kim.