27th May 2024

  • Biden to End Tariff Exclusions on Hundreds of Chinese Products

Decision is part of a broader policy of protecting US industry

Exclusions extended on types of motors, medical equipment

https://blinks.bloomberg.com/news/stories/SE0BOUDWRGG0

  • Yellen Says US Isn’t Ready to Sign Pending Global Tax Agreement

India, China are holdouts on working on key details, she says

Italy’s finance minister says talks have reached a stalemate

https://blinks.bloomberg.com/news/stories/SE1FH0T0AFB4

  • Yellen Says Higher Path for Rates Boosts Need to Lift Revenue

Treasury chief says Biden to seek more revenue in budget talks

Says 2% is her comfort threshold for interest-to-GDP metric

https://blinks.bloomberg.com/news/stories/SE1MDMT1UM0W

  • Some Good News for Bond Traders Stuck in Fed Waiting Game

Treasury buybacks, QT slowdown are ‘good backstop’ for market

Ebbing volatility is also a positive as yields settle in range

https://blinks.bloomberg.com/news/stories/SDUFZTDWX2PS

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