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A decrease in American bond yield accumulates on the dollar, as investors are betting that the slowdown in economic growth will push the federal reserve to continue to reduce interest rates despite continuous inflation.

The Treasury returns fell for 10 years to 4.32 percent on Tuesday, the lowest level since mid -December. A decrease from above 4.8 percent was paid last month through the increasing expectations of Numona, after a A series of data Show the weak consumer and commercial feelings.

That was struck dollarWhich has now decreased by 1.9 percent this year against a basket of its peers, confusing the expectations that Donald Trump’s return to the White House will continue to strengthen the currency. The dollar had previously strengthened the bets that the inflationary effect of the new president’s definitions and immigration kors would prevent the federal reserve from lowering rates.

“The slowing growth and high inflation expectations is a more negative mixture of the US dollar,” said Lee Hardman, the chief analyst of the MFG banking currency.

Investors say the decline is actually Cabinet The revenues, which are the return on to take into account inflation, have been a particularly important engine for the currency.

The return on the safe securities in the Treasury decreased for 10 years (TIPS) to 1.9 percent on Tuesday, the lowest level since early December and a decrease from 2.3 percent last month.

FED continuous inflationary pressures are placed in the link, as it will respond naturally by slowing or ending the rate of the rate cutting, or even the high signal rate. But reporting the growth – and the widely frequent aspects of Trump are demanding the development of the Gay Powell feed chair for low borrowing costs – in the other direction.

Trump initially I criticize sharply The Federal Reserve after achieving prices last month, but later said it was “the right thing to do.”

The most prominent JPMorgan analysts in the memorandum last week, “The Great erosion of the United States is the real revenues [due] For the policy of the Federal Reserve that is not responded to facing a sharp boom caused by the customs tariff in inflation in the front end.

In the short term, inflation expectations have increased with the price of investors in the potential effect of Trump’s definitions. The so-called two-year break-which measures the difference between real revenues and nominal tables and the best guessing investors about the whereabouts of inflation-and last week reached its highest level since early 2023.

American inflation unexpectedly increased to 3 percent in January and the latest Federal Reserve minutes Beware of “upward risks” For inflation. Consumer expectations of long -term high prices at their highest levels since 1995.

However, investors are betting that the Federal Reserve will reduce prices by half a percentage by the end of the year.

The fund managers said that the market was taking a heavy look at the threat to the local growth of the suspended trade war launched by the new president, in addition to other policies such as the Immigration Campaign and the discounts of comprehensive jobs in the public sector.

The U.S. Treasury’s nominal revenues also decreased sharply since its peak in mid -January.

Matthew Morgan, head of fixed income in asset management, Jupiter, adding that uncertainty about the path of monetary policy, as well as customs tariffs, government wounds and other regions, “may mean that uncertainty about the path of monetary policy, as well as customs tariffs, government wounds and other and other The regions, “may mean uncertainty about the path of monetary policy:” The markets are asking if we have seen the peak of the states Urgent United. ” Less investment, employment and growth. “

In addition to the weakest dollar and depressions, he said: “The next question is whether to reorganize American growth leads to the reorganization of risk assets.” After reaching a series of standard levels, the stocks lost the ground in the last sessions.

A survey of the purchasing managers that were published last week showed that the American Service Sector had contracted for the first time in more than two years.

UBS analysts said earlier this month that the real return fall, while inflation expectations remained high, reflected the “stagnation” of the customs tariff.