Treasury yields ticked downward on Tuesday as traders prepared for key inflation figures due out later this week.
Japan PM Lacks ‘Political Capital' to Revise Post-War Constitution Despite Election Win, Analyst Says
President Joe Biden is beginning his Middle East trip, which will include a visit to Saudi Arabia and meetings with OPEC leaders in an effort to push for higher oil production to ease prices. U.S. Treasury Secretary Janet Yellen will meet with Japanese Finance Minister Shunichi Suzuki on Tuesday to discuss further sanctions against Russia for its war in Ukraine.
Gold hit its lowest level since late September as the dollar reached a two-decade high, trading at $1,732.40 per ounce at 8:30 a.m. in London. On Friday, yields had jumped following the jobs report, on the assumption that the U.S. Federal Reserve will be more aggressive with its rate-hiking path.
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