Opening Bell: Yields Fall On Fed Leadership Uncertainty; Futures, Stocks Flat – Investing.com

Opening Bell: Yields Fall On Fed Leadership Uncertainty; Futures, Stocks Flat – Investing.com

On Tuesday, investors increased their US Treasury holdings while futures on the , , and were little changed. Investor sentiment has been unstead, with some concerned about the current uncertainty surrounding the future leadership of the US Federal Reserve, since President Biden has yet to announce his choice for Chair of the central bank. Others continue to focus on the positives: strong corporate earnings results.

The dollar slid while gold and oil rose.

Notes with short-dated maturities led a rally in US Treasuries after a report said that President Joseph Biden Federal Reserve Governor Lael Brainard for the role of Chair. Some market observers consider Brainard to be more dovish than current Chair Jerome Powell.