Trade tariffs continue to gain a lot of investors attention, but they are slowly turning to actual macro data and inflation expectations in the future period. Uncertainty over the future impact of imposed trade tariffs of the US Administration is still present, but it becomes evident that investors are becoming tired of reactions on tweets, and are much more switching attention to actual data. The University of Michigan Consumer Sentiment final data for May, posted during the previous week, showed moderately decreased inflation expectations for the period of next five years. Data showed that US consumers are expecting five years inflation at the level of 4,2%, which was also below market estimate of 4,6%.
The 10Y US Treasury yields eased a bit during the previous week, currently testing the 4,4% level. The starting weekly point was at 4,53%. Considering the relatively significant drop during the week, there is some probability for the short reversal during the week ahead, at least till the level of 4,5%. It should also be considered that the week ahead macro data will put in focus jobs data and NFP, which might imply a bit higher volatility.
The 10Y US Treasury yields eased a bit during the previous week, currently testing the 4,4% level. The starting weekly point was at 4,53%. Considering the relatively significant drop during the week, there is some probability for the short reversal during the week ahead, at least till the level of 4,5%. It should also be considered that the week ahead macro data will put in focus jobs data and NFP, which might imply a bit higher volatility.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.