Nasdaq rebounds to unchanged, Treasury yields rise

The price action in the market suggests that the trade war has been called off, or at least some optimism on that front but there is nothing in the news.

The Nasdaq Composite fought all the way back to unchanged on the day, though it’s now down 0.2% again. US 10-yaer Treasury yields are now up 1.3 bps on the day to 4.19% from a low of 4.10%.

Finally, WTI crude oil has swallowed up a big part of today’s losses and trades down just 18-cents.

Does someone know something or is that some creeping optimism that a trade war with Canada/Mexico won’t last?

This article was written by Adam Button at www.forexlive.com.