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Rates Spark: The tarriff on/off switch
Deals on no US tariffs for Mexico and Canada helped mark Monday as a positive step away from the brink, at least for another month. Treasuries have been all over the place, but going nowhere fast. Refunding and Payrolls next. We see euro rates continuing to be sensitive to growth risks and especially the front end may find itself even lower in the near term. Tariff story trumping payrolls as a driver so far this week Market rates continue to get pushed and pulled by the Trump tariff on/off switch. The peso is now back to where it was post the off switch on Mexico. Treasuries in the big scheme of things have not had ... (full story)