Investors absorb retail sales data

The US financial returns were hardly changed on Wednesday after the expected retail sales data, since investors continue to weigh the latest tariff developments.

The benchmark 10-year-old treasury The yield rose by more than 2 basis points to 4.348%. The 2-year financial return decreased by about 1 base point to 3.816%.

A base point corresponds to 0.01% and the yields and prices move into opposite directions.

The retail sales data in March showed that consumer expenses last month were resistant despite the weak mood. According to the trade department, the advanced estimate of retail sales showed an increase of 1.4% a month on Wednesday. That was better than the 1.2% dow -jones estimate and higher than the increase in February by 0.2%. Without cars, sales increased by 0.5% and better than the forecast of 0.3%.

The results came when global trade remained as an overhang for the investigation. President Donald Trump will meet Japanese officials on Wednesday to negotiate the tariffs, the President announced about the social of truth. The Trump management had previously charged Japanese goods with a 24% ceiling tariff. The US trade representative’s office shows that Japan was one of the five best buyers of US goods in 2022.

The Federal Ministry of Finance has declined three days in a row, which after the aggressive bond sale last week, in which the 10-year Ministry of Finance achieved more than 50 basis for an intensive trade war between the USA and China, a certain relief.

The sale of the bond market has raised questions about the unloading of US financing with speculations regarding China, since the country to Japan America’s second largest foreign believer, which holds around $ 760 billion in financial securities. Other suspects are Japanese life insurers and hedge funds.

“I think China is already devoting herself to the Ministry of Finance,” said Chen Zhao, Chief Global Strategist at Alpine Macro. “You sell US prosecutors and convert the proceeds into euros or German federal bases.”

– Jeff Cox from CNBC contributed to this report.