Tariff rollback will be gradual
The news that China would be willing to rollback the tariffs at a gradual pace as long as they are porportional to both sides, has helped to push US stocks higher on the opening. The snapshot of the changes are showing
- The S&P index up 15.7 points or 0.51% at 3092.60
- the NASDAQ index up 56 points or 0.67% at 8467.30
- The Dow up 172 points or 0.63% at 27665
US yields are also moving higher:
- 2 year 1.655%, up 4.5 basis points
- 5 year 1.698%, +6.7 basis points
- 10 year 1.889%, +6.1 basis points
- 30 year 2.37%, +5.8 basis points