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US Treasury yields tick higher as investors await Federal Reserve meeting

U.S. Markets Overview: Treasurys chart

The U.S. President, when asked Tuesday whether he wants to remove Jay Powell from his position, said “Let’s see what he does.” This comes after a Bloomberg News report argued that the White House looked into demoting the chairman of the Fed back in February. One of President Trump’s top advisors, Larry Kudlow, did not confirm or deny the report but said President Trump is not currently considering removing Jerome Powell.

Meanwhile, President Trump also said he will be having an “extended meeting” next week with the Chinese leader Xi Jinping at the G-20 meeting in Japan.

There are no data items to note Wednesday nor Treasury auctions scheduled.

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