Bond Traders Await Powell, Tariffs News as Shutdown Continues

Bond investors facing a scant economic calendar will focus on speakers, including Federal Reserve Chair Jerome Powell in a keynote speech at the NABE annual meeting in Philadelphia, and potential further news on tariffs.

Traders return from the weekend after Donald Trump raised the threat of a “massive increase” in tariffs on Chinese goods, which he said would involve an additional 100% levy beginning Nov. 1.