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Jackson Hole - hawkish message / G20 summit, China trade surplus in focus / Germany 10y yields 3.30%, 15y highs

  • sc0172
  • 11 hours ago
  • 2 min read

  • Markets : U.S and Iran resumed military attacks, crude up 2-3pct, Warsh was slightly hawkish on Friday, slightly higher rate expectations built, USD rallied slightly, PM's gave up a bit of ground as UST yields ended back on recent highs

  • China's trade surplus hit $1.2 TRILLION last year, the U.S pent years trying to reduce Chinese imports, it worked!...well kind of, China replaces the U.S market with LatAm, south east Asia and Europe, Bessent wants G20 countries to decide on more trade barriers against China..that's not about reducing chinese exports, its asking G20 to shut the door down to chinese exports.. (it will be tough or impossible to convince G20..)

  • US and Iran resume military attacks for first time in weeks. U.S. forces struck targets on Iran's Larak Island. U.S. President Donald Trump said energy hub Kharg Island was also under attack, though there was no immediate confirmation

  • Bond investors are skeptical about speculation that Federal Reserve Chairman Kevin Warsh is poised to raise interest rates after his speech on Friday. Investors have doubts due to Warsh's past comments and actions, which have not always been clear, and are bracing for the risk that he keeps rates steady again >> 10's UST 4.71%


The US Treasury Department excluded journalists from several media outlets, including Bloomberg News and the Wall Street Journal, from coverage of this week’s Group of 20 finance ministers summit in Asheville, North Carolina, amid global market volatility and the US-Iran conflict. 
























 
 
 

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