Commodities Gained as USD Slipped on Diminished Rate Hike Hopes

Wall Street weakened as investors continued to react to Trump's press conference. DJIA and S&P 500 indices recorded the biggest one-day loss since last October, before recovery. The indices dropped -0.32% and -0.21% respectively. US Treasury prices climbed higher, sending yields lower. Besides Trump's speech diminished rate hike expectations, Investors also responded to a US$12B auction of 30-year government bonds. US 2-year yields slipped -2 bps to 1.173% while the 10-year yields dropped also -2 bpd to 2.357%.