Traders work on the floor at the New York Stock Exchange in New York City, U.S., March 24, 2025.
Treasury yields were lower on Monday as investors try to gauge the impact that U.S. President Donald Trump's trade tariffs will have on the U.S. economy.
The yield on the 10-year Treasury pulled back 3.3 basis points to 4.221%. The 2-year Treasury yield ticked down 2 basis point lower at 3.893%.
Watch NBC 5 free wherever you are
WATCH HEREYields and prices move in opposite directions and one basis point equals 0.01%.
Markets are hoping to gain more clarity about Trump's tariffs this week. Trump said Sunday that reciprocal tariffs on all countries would come Wednesday, which he dubbed as "liberation day."
Get top local stories in DFW delivered to you every morning with NBC DFW's News Headlines newsletter.
SIGN UP White House press secretary Karoline Leavitt said Monday that "it's time for reciprocity, and it's time for a president to take historic change to do what's right for the American people, and that's going to take place on Wednesday."
Concern is growing that the forthcoming duties could spark a steep economic slowdown, and perhaps even a recession. Economists polled by CNBC now only forecast first-quarter growth of 0.3%, compared to 2.3% in the fourth quarter of 2024.
Investors are hoping that as the levies take hold, at least some of the uncertainty around tariff policy from the U.S. could be alleviated as a clearer picture emerges around how the tariffs will play out in practice. However, it appears likely that negotiations with trading partners will continue beyond the next few days, and retaliatory measures as well as more duties from the U.S. could be imposed.
Money Report
Investors will also contend with a busy week on the data front, with several key labor market reports due to be released. This includes February's JOLTS job openings report on Tuesday, ADP's private payrolls data for March on Wednesday and the all-important March jobs report, which includes nonfarm payrolls and unemployment figures, on Friday.
Correction: The U.S. economy expanded by 2.3% in the fourth quarter. A previous version misstated the period.
