Vanguard Revises U.S. Market Outlook Amid Tariff Uncertainty
Société Générale: Treasury Yields Face Key Technical Tests as Downtrend Pressure Persists
Besent's new bond issuance strategy: short-term bonds "steady", long-term bonds "gradual", closely monitoring stablecoin "major investors".
On Wednesday, the USA Treasury will announce the bond auction scale for the quarter from May to July. The market expects the Treasury to continue issuing bonds at the established pace, with next week's quarterly redemption auction expected to remain around 125 billion dollars. Some believe the market may interpret this as the Treasury being more inclined to rely on short-term bonds, which is a positive signal for long-term bonds.
Barclays Affirms Long 5-Year U.S. Treasury Recommendation -- Market Talk
Opening: US stocks opened slightly higher on Monday. This week the market focuses on Earnings Reports and economic data.
On the evening of April 28, Peking time, U.S. stocks opened slightly higher on Monday. Over 180 S&P component stocks, including Microsoft, Apple, Amazon, and Meta, will release their Earnings Reports this week. Important data such as non-farm employment and GDP will also be released this week. Investors continue to pay attention to the progress of trade negotiations. China has once again clarified that there are no negotiations or discussions on tariff issues between China and the U.S.
U.S. stock index futures slightly lower as the busiest week of Earnings Reports season approaches | Highlights for tonight.
①IBM plans to invest 150 billion USD in the USA over the next five years; ②MicroStrategy increased its shareholding by 15,355 Bitcoins last week; ③Rating agencies have downgraded the outlook for US ports to negative; ④Reports: Tencent, Alibaba, and ByteDance are scrambling to purchase computing power resources.
The U.S. Treasury's quarterly "debt issuance" plan will be announced this week, and analysts expect Bessenet to "seek stability."
Wall Street expects Bessent to adopt a safe strategy for the issuance plan of U.S. Treasury bonds following the market turmoil.
Fed Factions Are Split On Rate Cut Need -- Market Talk
Goldman Sachs (GS.US) Chairman Su Dewei: Tariffs may have a huge potential impact on the profitability of enterprises.
Su Dewei stated that discussions regarding tariffs may have an impact on business sentiment and could bring significant potential effects on corporate profits and losses.
Trump Questioning Fed Policy Isn't Helpful for Treasurys -- Market Talk
The USD has slightly increased, benefiting from the de-escalation of trade frictions and alleviated concerns about the independence of the Federal Reserve.
The US dollar showed a mild upward trend at the beginning of this week, supported by market expectations of easing global trade tensions and reduced risks to the independence of the Federal Reserve. Last week, President Trump announced progress in trade negotiations with Japan and clearly stated there was no intention to dismiss Federal Reserve Chairman Powell.
Substantial Foreign Sales in US Treasurys Not Evident; Gradual Adjustments Likely -- Market Talk
Economic officials of "Trump 1.0" state that the impact of tariffs will become apparent nationwide by the end of next month, with the poorest suffering the most.
The former director of the White House National Economic Council stated that the "soft data" reflecting future expectations is weakening; before commodity prices rise due to tariffs, those with lower income levels or economic strength will use 100% of their salaries to purchase commodities, while the wealthy will save a higher proportion of their income, with the former being more severely impacted.
Has the bond market entered a "new order"? The uncertainties of Trump's policies are driving up the risk premium for long-term U.S. bonds.
This month's wave of "selling US Treasuries" that has swept across the Global bond market is impacting the foundation of the USA's long-term government bonds, the largest deficit financing tool in the world.
Cross-border e-commerce platforms have collectively raised prices in the United States.
Companies are being forced to pass costs onto consumers.
Six Entities Control 88% of Tokenized U.S. Treasuries – Who Are They?
Who can tame that "drunken dragon"? The market is completely counting on Besente.
The last line of defense on Wall Street?
Fed Bashing: What Could Go Wrong? -- Barron's
Americans Are Downbeat on the Economy. They Keep Spending Anyway. -- WSJ
Daily Roundup of Key US Economic Data for April 25