February 13, 2025 18:50 GMT
US TSYS: President Trump Reciprocal Tariff Headlines Filtering Out from WH
US TSYS
- The most notable movement as Pres Trump headlines re: reciprocal tariffs filter out of the WH is a bounce off lower levels in the US$, BBG US$ index tapped 1299.24 from 1295.56 prior, slips to 1297.00 last.
- Otherwise Treasury futures hold near recent highs, TYH5 +19 at 108-27.5, well below initial technical resistance at 109-08.5 (50-day EMA). Equities dipped but have rebounded: SPX Eminis +32.25 at 6105.00.
- Most informative headline so far: TRUMP: ASKED TREASURY, COMMERCE CHIEFS TO WORK ON RECIPROCITY" Bbg.
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