Trump's First Day: Markets React to New Orders

It was a busy morning for U. S. Treasury yields, which took a dip at the start of Tuesday. Why? Investors were processing some big news: President Donald Trump had returned to the White House and signed a bunch of new executive orders. The 10-year Treasury yield was down by over 2 basis points to 4. 587%, while the 2-year yield slid slightly to 4. 27%. Bond markets had been closed on Monday due to Martin Luther King Jr. Day, so this was a lot to digest at once.

Trump's inauguration at the Capital was followed by a signing spree at the Capital One Arena, with around 20, 000 supporters watching. He didn't just sign papers; he also mentioned some potential tariffs. He's considering a 25% tariff on Mexico and Canada starting February, due to their border policies. China might face intensified tariffs too, if it doesn't approve a deal involving TikTok. But Trump clarified that universal tariffs aren't on the table just yet. Investors will keep an eye on Trump's pro-business promises from his campaign. This week, some housing data is up for release. On Wednesday, the MBA 30-year mortgage rate is due. Thursday brings weekly jobless claims. And on Friday, investors await the S&P Global Composite PMI Flash and existing home sales data.

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