US customs tells CNBC that for fiscal 2025 it has identified 27,479 customs bond “insufficiencies” valued at nearly USD 3.6bln, double the 2019 level when insufficiencies first soared due to Trump’s first-term trade policies, via CNBC
The reported surge in customs bond insufficiencies indicates significant stress on U.S.
Ubisoft (UBI FP) Q3 (EUR): Revenue 318.4mln, net bookings 388mln, +12% Y/Y. Outperformance vs expectations primarily driven by partnerships and the Assassin's Creed franchise
A rally in corporate bonds has pushed the reward for taking extra credit risk to historic lows, prompting warnings from some investors of “bubble-like behaviour” in parts of the market, reports FT
US customs tells CNBC that for fiscal 2025 it has identified 27,479 customs bond “insufficiencies” valued at nearly USD 3.6bln, double the 2019 level when insufficiencies first soared due to Trump’s first-term trade policies, via CNBC
US President Trump's top antitrust enforcer Gail Slater is leaving the DoJ after clashes with allies of attorney-general Pam Bondi in a major shake-up at the DoJ, via FT citing post on X
US sells USD 105bln of 4-wk bills at a high rate of 3.630%, B/C 3.63x; sells USD 95bln of 8-wk bills at a high rate of 3.630%, B/C 2.88x
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- President Trump’s tariffs have led to a surge in revenue for the government, but also a record-breaking financial shortfall among importers required to buy special bonds to guarantee payment of trade duties.
- Importers are unable to receive their freight if their customs bonds, issued by insurers, are not sufficiently funded.
importers, which may result from lingering impacts of tariffs imposed during Trump's administration. This regulatory concern could exacerbate supply chain issues and affect trade flows, raising costs for importers, which in turn could influence inflationary pressures and overall economic sentiment in the near term.
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