EM LATAM CREDIT: MNI EM Credit Market Wrap - LATAM (02 May)
May-02 20:53
Source: BBG Measure Level DoD 5yr UST 3.91% +11bp 10yr UST 4.31% +9bp 5s-10s UST 39.0 -2bp WTI Cru...
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TARIFFS: White House Releases Full Reciprocal Tariffs Table
Apr-02 20:42
White House releases an image of the full reciprocal tariff table: again, Canada and Mexico not mentioned
US TSYS: BLOCK: Jun'25 10Y Buy
Apr-02 20:42
- +5,000 TYM5 111-28.5, buy through 111-27.5 post time offer at 1636:00ET, DV01 $316,000. The 10Y contract trades 112-00 last (+7.5)
TARIFFS: Trump Announces 10% Minimum Tariffs, 34% on China, 20% EU
Apr-02 20:37
Trump: "We will calculate the combined rate of all their tariffs, non monetary barriers and other forms of cheating. And because we are being very kind...we will charge them approximately half of what they are and have been charging us. So the tariffs will not be full reciprocal"
- Trump chart shows to charge 34% tariffs on China, 20% on EU, 24% of Japan, Vietnam 46%, UK 10%, Korea 25%, Thailand 36%, Switzerland 31%, Indonesia 32%, Malaysia 24%, Cambodia 49%, South Africa 30%
- Trump says there is a minimum baseline tariff of 10%. No mention about Canada or Mexico, potentially another announcement forthcoming.
- It's also unclear whether these tariffs are in addition to, or replacing, existing tariffs.
- See image below from White House feed:
