U.S. bonds keep selling off and Treasury yields rise while the dollar weakens, a combination that has raised concerns in Wall Street that investors may be seeing U.S. assets as less of a safe haven.
The Conference Board March Leading Indicators, due at 10 a.m. ET, is expected to contract 0.5%, in a WSJ survey. European markets are closed for Easter Monday.
“In thin markets, the dollar has been stomach-punched,” Bannockburn’s Marc Chandler writes. “The attack on the independence of the Federal Reserve is the latest trigger,” he says.
