By GERTRUDE CHAVEZ-DREYFUSS
NEW YORK- US Treasury yields declined to multi-week lows on Wednesday, weighed down by a weak report on the services sector, with investors continuing to grapple with persistent uncertainty about President Donald Trump’s tariff policy and the prospect of trade wars.
Trump’s proposal for the US government to take over war-torn Gaza and create the “Riviera of the Middle East” after resettling Palestinians elsewhere fueled confusion and global criticism and sparked safe-haven bids for Treasuries.
“Trump’s proposal to take over Gaza has triggered flight to safety trades,” said Will Compernolle, macro strategist at FHN Financial in Chicago. “That comment creates the risk of escalating a wider regional conflict.” — Reuters
