Bond yields show investors aren't taking Trump's threats to Powell serious

Market Trends & Uncertainty - Treasury yields are reacting to renewed uncertainty surrounding the Federal Reserve's future, independence, and potential changes in monetary policy [1] - PPI data was mixed, with cooler-than-expected figures offset by later revisions, suggesting minimal impact on the overall economic landscape [2] - A headline about Mr Trump firing Pal caused market fluctuations, but the market reaction suggests the story isn't being taken very seriously [3][7] Bond Market Reaction - The 30-year Treasury yield hovered around 5%, then moved up to 507 and a half after the headline [3] - The 10-year Treasury yield moved from 444 to 448 and a half, a 45 basis points increase [4] - The two-year Treasury yield moved down from 391 to 386, showing a different reaction compared to the 10-year and 30-year yields, possibly influenced by cooler-than-expected PPI [5] Currency Market - The dollar index initially broke down from 9870 to 9780, a move of slightly less than a full cent, but quickly bounced back, indicating speculative forces at play [6] Overall Market Sentiment - The market is anticipating continued rhetoric and pressure from the administration, but the impact on the Federal Reserve's actions remains uncertain [7]