[MARKET ANALYSIS] T-note futures are higher following recent tariff developments, but with upside capped amid the closure of overnight cash treasuries trade due to the Japan holiday
T-note futures are experiencing upward movement due to heightened trade uncertainty stemming from the recent US tariff announcements.
[MARKET ANALYSIS] Asia-Pac stocks trade mixed amid trade uncertainty, while Hong Kong outperforms on tech strength and as proxy to China which is seen as one of the likely biggest winners from the SCOTUS ruling against Trump tariffs
[MARKET ANALYSIS] Dollar softens amid trade uncertainty after SCOTUS struck down Trump's IEEPA tariffs
[MARKET ANALYSIS] T-note futures are higher following recent tariff developments, but with upside capped amid the closure of overnight cash treasuries trade due to the Japan holiday
China's MOFCOM says it is assessing the US Supreme Court's ruling on tariffs and urges the US to lift unilateral tariffs on trading partners
[MARKET ANALYSIS] Oil futures decline and precious metals are supported with tariffs and geopolitics in the limelight
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USTs: +4 ticks
- T-note futures edged higher amid the trade uncertainty after the Supreme Court decision on IEEPA tariffs and with US President Trump responding by announcing a global 10% flat-rate tariff, which he then increased to 15% during the weekend. Nonetheless, price action is contained amid the closure of overnight cash treasuries trade due to the Tokyo holiday and after the latest Fed rhetoric pointed to a lack of urgency to adjust policy.
Bunds: +14 ticks
- Edged marginally higher following the US Supreme Court's tariff decision, which German Chancellor Merz expects to reduce the tariff burden on the German economy, while participants also await German Ifo data.
However, the gains are limited as cash treasuries trading is paused for the Tokyo holiday, and recent Federal Reserve comments suggest no immediate policy changes, indicating a careful balancing act in the markets amid geopolitical tensions.
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