Asia EM $ sovereign and agency spreads are trading in a narrow range this morning (-2bp to +2bp), wi...
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At the Tokyo lunch break, JGB futures are slightly weaker, -6 compared to the settlement levels.
ACGBs (YM +1.0 & XM +0.5) are slightly stronger, but the ranges have been narrow.
The USD is supported post Trump headlines which threaten to impose an additional 10% tariffs on counties that align themselves with anti-American policies of the BRICS group. The Truth Social Post was: ""Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy."