Long-term US Treasury yields rose in early trading on Tuesday after President Donald Trump moved to oust Federal Reserve Governor Lisa Cook, deepening concerns about political interference in the central bank. The yield curve steepened as markets priced in increased institutional risk and the possibility of upcoming rate cuts. Trump’s attempt to remove Cook, citing mortgage-related allegations, has drawn legal scrutiny and heightened investor unease. Analysts called the move an “unprecedented challenge” to Fed independence, raising questions about the central bank’s autonomy under the current administration. At 1:10 am ET, the 30-year yield climbed 4.8 basis points to 4.937%, the 20-year rose to 4.903% and the 10-year gained 3.1 basis points to 4.306%. In contrast, short-term yields remained steady or declined, with the 2-year yield falling 1.1 basis points to 3.719%, reflecting expectations of a more dovish monetary stance.
NN: MSSSS Cook is another example of totally unqualified blacks put into power under the Biden administration run buy Mohmand Obama.
Our beloved 0 coupon 30 year bond trade is on simmer. Ihope to start operations at 5.30%