Free Trial

US TSYS: Gains Tapered As US & Colombia Reach A Deal To Prevent Tariffs

US TSYS

TYH5 is dealing at 108-21+, +0-06+ from NY closing levels, in today’s Asia-Pac session. TYH5 hit a high of 108-24. 

  • On Sunday, Trump ordered an emergency 25% tariff on all Colombian goods entering the US.
  • Subsequently, Bloomberg reported that the US will not levy threatened tariffs on Colombia after reaching a deal, the White House said.  The South American country’s government “agreed to all of President Trump’s terms, including the unrestricted acceptance of all illegal aliens from Colombia returned from the United States, including on U.S. military aircraft, without limitation or delay,” White House Press Secretary Karoline Leavitt said in a statement. “
  • Ahead of a key earnings week, US stock futures are dealing lower but currently sit slightly above session cheaps. The S&P 500 is down 0.9% and the Nasdaq is down ~0.50%.
  • Cash bonds are dealing 2-4bps richer in today’s Asia-Pac session, with a flattening bias, after finishing Friday mildly stronger.
  • The US Treasury will auction $69 billion of two-year notes and $70 billion of five-year debt later Monday.
  • Focus this week is the FOMC policy announcement on Wednesday.
176 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

TYH5 is dealing at 108-21+, +0-06+ from NY closing levels, in today’s Asia-Pac session. TYH5 hit a high of 108-24. 

  • On Sunday, Trump ordered an emergency 25% tariff on all Colombian goods entering the US.
  • Subsequently, Bloomberg reported that the US will not levy threatened tariffs on Colombia after reaching a deal, the White House said.  The South American country’s government “agreed to all of President Trump’s terms, including the unrestricted acceptance of all illegal aliens from Colombia returned from the United States, including on U.S. military aircraft, without limitation or delay,” White House Press Secretary Karoline Leavitt said in a statement. “
  • Ahead of a key earnings week, US stock futures are dealing lower but currently sit slightly above session cheaps. The S&P 500 is down 0.9% and the Nasdaq is down ~0.50%.
  • Cash bonds are dealing 2-4bps richer in today’s Asia-Pac session, with a flattening bias, after finishing Friday mildly stronger.
  • The US Treasury will auction $69 billion of two-year notes and $70 billion of five-year debt later Monday.
  • Focus this week is the FOMC policy announcement on Wednesday.