Stocks are set weaken today despite optimistic trading around the globe. Investors are waiting for more information concerning trade talks with China. President Trump noted that tariffs on Chinese goods does not have “a magical date” and negations could continue beyond March 1. Cabinet Officials report that President Trump and U.S want to see a stable Yuan in order to reach any agreement.
Bond prices are on the rise today as investors become more and more concerned about a slowdown in global economic growth. The U.S. 10 year treasury opened slightly lower than where it ended Tuesday, at 2.63%. Rates moved lower after marks received by Cleveland Fed President, Loretta Mester, who said she supports slowing the balance sheet run-off over the course of the year before halting the process altogether. In addition, the Fed is due to release their comments from their January 30th meeting.