Trump backtracks plans to axe Fed chief

Trump backtracks plans to axe Fed chief

The yield on the 10-year Treasury declined on Wednesday after U.S. President Donald Trump backtracked on comments he made about firing Federal Reserve Chairman Jerome Powell. At 4:35 a.m. ET, the 10-year Treasury yield was 4 basis points lower at 4.346%. The 2-year Treasury yield was 3 basis points higher at 3.819%. One basis point equals 0.01%…

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Stock market today: Live updates

Trump returns to the White House

U.S. Treasury yields were lower on Tuesday, as investors digested President Donald Trump’s return to the White House and a slew of new executive orders. At 4:18 a.m. ET, the 10-year Treasury was lower by more than three basis points to 4.5723%. The 2-year Treasury yield was down by more than two basis points to 4.2508%. One basis point…

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