EM LATAM CREDIT: Trump: Tariff implementation Extension to April 02
Feb-26 17:50
From MNI EM Markets Analyst:
Mexico: USDMXN pauses for breath around 20.36 as the initial optimism of a tariff-implementation extension to April 02 is met by the more negative realisation that Trump sees those tariffs as still going ahead.
- For reference, dialogue between US/Mexican is continuing, and this may provide more time for these negotiations. Earlier today, headlines detailed that Mexico’s security secretary is to meet with US secretary of state in Washington on Thursday. Additionally, Finance Minister remains in talks with US treasury secretary.
- Previously on Tuesday, President Sheinbaum said that her administration aims to close tariff deal with the US by next Tuesday.
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US TSYS/SUPPLY: WI 5Y
Jan-27 17:49
- WI is currently running at 4.337%, down from 4.347% earlier and 14.1bp rich to last month's stop: 4.478% high yield vs. 4.480% WI.
FED: US TSY 5Y AUCTION: NON-COMP BIDS $306 MLN FROM $70.000 BLN TOTAL
Jan-27 17:45
- US TSY 5Y AUCTION: NON-COMP BIDS $306 MLN FROM $70.000 BLN TOTAL
FED: US TSY 13W AUCTION: NON-COMP BIDS $2.340 BLN FROM $84.000 BLN TOTAL
Jan-27 17:45
- US TSY 13W AUCTION: NON-COMP BIDS $2.340 BLN FROM $84.000 BLN TOTAL
