Plenty of Bullish/bearish trump/Xi headlines and tweets to cause Markets to chop, the latest from Dow jones provided a bid erasing some of today’s losses in Spooz
DJ *U.S., China Exploring Deal to De-escalate Trade Tensions: Sources
*DJ *U.S. China Talks Focus on Delayed Tariffs for China Policy Changes: Sources
*DJ *U.S., China Discuss Trade Ahead of Expected Buenos Aires Trump-Xi Summit
Bonds continue to stay in the green ,Yield Curve flatter today as the long End Outperforms 30 year yields -2.6 bps 10 year yields -3.5,7year yields -3bps 2s -.8 and 3s -1.4 bps. Less inflation, less fed worries providing a bid in longer end. Dovish fed/Weaker macro Outlook could be reason for shape of curve today as it Bull flattens.
Nat gas lower on day as weather turns warmer and weekly draw much, much smaller than expected.A double whammy of bearish news ,but gas only -2.3% on day.Crude still bouncing here and that’s all it is , until yesterdays highs and bottom of gap at 52.31 are taken out and traded above.
A few other headlines of Note Officials from Germany’s top Auto companies will be at white house on Tuesday.Trump Administration will hold a roundtable discussion with tech companies but no date given as of yet.
