LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » World News

J P Morgan slashes 2019 forecasts on US yields due to trade tensions

J.P. Morgan bond analysts cut back on their outlook on U.S. Treasury yields for 2019 as growing risks to the economy from trade tensions may cause the Federal Reserve to lower interest rates twice in the second half of the year.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
J P Morgan slashes 2019 forecasts on US yields due to trade tensions
J.P. Morgan economist Michael Feroli said on Friday he expects the U.S. central bank to lower key lending rates two times later this year. Image source: Reuters
Written By: Reuters
Updated: Sun, Jun 02, 2019
07:57 am
Reuters
RELATED NEWS
Investor worries over Donald Trump, US policy on the rise: BAML Investor worries over Donald Trump, US policy on the rise: BAML

J.P. Morgan bond analysts cut back on their outlook on U.S. Treasury yields for 2019 as growing risks to the economy from trade tensions may cause the Federal Reserve to lower interest rates twice in the second half of the year. They revised down their year-end targets late Friday on two-year Treasury yields to 1.40% from an earlier call of 2.25% and on 10-year yields to 1.75% from 2.45%.

Separately, J.P. Morgan economist Michael Feroli said on Friday he expects the U.S. central bank to lower key lending rates two times later this year: one quarter-point cut in September, following by another quarter-point decrease in December. Earlier this week, investors were already pulling money from stocks and other risky assets due to fears of a protracted trade war between China and the United States. 

On Thursday, U.S. President Donald Trump`s surprise announcement to impose tariffs on Mexico on June 10 roiled financial markets, sending investors to stampede into yen, Swiss and U.S. government. U.S. two-year yields and 10-year yields on Friday fell as low as 1.916% and 2.126%, respectively, which were their lowest levels since September 2017.

Trump`s move is aimed at forcing the Mexican government to stop immigrants from crossing illegally into the United States at its southern border. Analysts cautioned the initial 5% duties on Mexican tariffs, if they go into effect, would raise the costs for U.S. businesses and consumers, putting a drag on the economy. 

"Against this backdrop, we revise our interest rate forecast lower as well, and no longer look for yields to move higher into year-end. Instead, we think that yields have further to fall in the coming months," J.P. Morgan analysts wrote in a research published late on Friday.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
US Treasury yieldFederal Reserve
RELATED NEWS
Investor worries over Donald Trump, US policy on the rise: BAML Investor worries over Donald Trump, US policy on the rise: BAML

LATEST NEWS

OnePlus 9 series: Company teases launch on Amazon; check expected date and other details here

Aditya Birla Fashion and Retail share price: Sharekhan maintains Buy rating with a revised price target of Rs 255

Sensex rises for 2nd day on gains in IT, auto shares, reclaims 50,000-leve

Realme unveils 108MP sensor for upcoming Realme 8, Realme 8 Pro smartphones | All details here

Jack Ma loses title as China''s richest man after coming under Beijing''s scrutiny

BPCL Privatisation News Today: Money! Special dividend to shareholders? Check latest stake sale update

Stocks to Watch: Symphony, Blue Star, Amber Enterprises shares to gain as IMD forecasts sizzling hot summer

Important news for BPCL investors: Anil Singhvi decodes Numaligarh stake sale, says set to get top valuation

LIVE: Gujarat Local Body Elections Results 2021: BJP wins 2085 seats, Congress gets 602 - Check latest trends, seats details, news updates here

LIVE: Gujarat Municipal Election Results 2021: BJP wins 803 seats - Check latest news updates, seat details here

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved