It was total madness overnight as a meltdown in USTs continued and this prompted a massive surge in CDG that took it to more than $100 higher at one point. The fun has continued into New York trading and now we wait to see what happens next.
In fact, I'm not even sure of where to start.
Trump raised the China tariffs to 104% and China then responded by raising US tariffs to 84%. As I type, there is still no resolution or even mentions of discussions and talks.
But by far the biggest news is/was the continued meltdown in the US bond market. A small bid has...
