January 20, 2025 13:37 GMT
BONDS: Rallies A Little As Reports Play Down Odds Of Immediate Trump Tarrifs
BONDS
Modest bid in core global FI on the back of a WSJ piece suggesting that "President-elect Donald Trump is planning to issue a broad memorandum Monday that directs federal agencies to study trade policies and evaluate U.S. trade relationships with China and America’s continental neighbors—but stops short of imposing new tariffs on his first day in office, as many trading partners feared."
- The reaction presumably comes as the delay to any fresh U.S. tariffs presents less inflationary risk for markets.
- The bid in equities and weakness in the USD is more prominent from a cross-market perspective.
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