May 6, 2019 Stumble Out of the Starting Gate by Lester Murray
Equity markets around the globe have gotten off on the wrong hoof this morning on the news that trade talks with China could be in peril. President Trump was busy over the weekend and announced via Twitter yesterday that he's ready to ramp up existing tariffs and perhaps impose some new ones if China doesn't stay in its trade negotiations lane. Talks are scheduled to resume Wednesday, but that's starting to look a little iffy, and that has become a huge source of malaise for investors. Treasury bonds are the beneficiary of the upset and prices are up. Ten-Year yields have slipped slightly below 2.50% in early trading; that reflects about a 3/8 point price gain.
Posted on Mon, May 6, 2019
by Lester Murray