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BONDS: Rallying On Trump Tariff Tweak Headlines

BONDS

Bonds with a delayed reaction to the Washington Post story pointing to Trump aides paring back some of his election promises on tariffs (greater colour provided in the recent cross-asset bullet), rallying in recent trade.

  • U.S. 2s30s curve ~1bp steeper since the story crossed, with U.S. yields 0.5-3.0bp lower on the day.
  • Tsys outperform Bunds and gilts across the curve.
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Bonds with a delayed reaction to the Washington Post story pointing to Trump aides paring back some of his election promises on tariffs (greater colour provided in the recent cross-asset bullet), rallying in recent trade.

  • U.S. 2s30s curve ~1bp steeper since the story crossed, with U.S. yields 0.5-3.0bp lower on the day.
  • Tsys outperform Bunds and gilts across the curve.