UPDATE 2-U.S. TIPS breakeven rates rise as trade fears simmer down [Reuters]
Bryn Mawr Bank Corporation (BMTC)
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Source: Reuters
UPDATE 2-U.S. TIPS breakeven rates rise as trade fears simmer down - Reuters 3 Min Read (Updates market action, adds quotes, graphic) By Richard Leong NEW YORK, May 10 (Reuters) - The U.S. bond market’s gauges on investors’ inflation views rose on Friday, reversing an earlier drop, on reduced jitters about a trade war between China and the United States even as Washington imposed a fresh round of levies on Chinese imports. Reduced anxiety about the U.S.-China trade conflict offset earlier data that showed domestic consumer prices grew less than analyst expectations in April. “Things are going out a bit more positive,” said James Barnes, director of fixed income at The Bryn Mawr Trust Co in Devon, Pennsylvania. “Things are not as dire as previously thought, but uncertainty still looms.” The United States early on Friday increased its tariffs on $200 billion in Chinese goods to 25% from 10%, which is expected to lead China to retaliate. U.S. Trade Representative Robert Lighthizer, U.S.
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