Trump blasts Powell, U.S. Treasury yields are mixed

Yields on 10-year Treasuries rose while yields on 2-year Treasuries fell as investors worried about the fate of Federal Reserve Chairperson Jerome Powell while the trade war weighed on market sentiment. The leading indicator of the U.S. Conference Board deteriorated for the fourth straight month in March. Trump used social media to call for a rate cut and criticize Powell, heightening fears of dovish intervention. Data from the US Treasury due on Wednesday is expected to show whether foreign investors are increasingly reluctant to fund the U.S. government.