Yields moving higher thanks to possible trade deal

Interest rates suddenly entered a new phase and they are moving higher thanks to possible trade deal

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The potential for a trade deal is a significant catalyst for interest rates, which bond strategists say are now in a new trend higher.

A trade deal between the U.S. and China could have a significant impact on the global economy and that, along with better U.S. data, have helped reduce recession fears.

The move away from recession concerns is also evident in the steepening of the yield curve, now at its widest level since March.

The curve had been inverted, with the 3-month yield higher than the 10-year, and that was a signal that the economy could be moving into recession.

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https://www.cnbc.com/2019/11/05/inte...rade-deal.html