Dollar & Bond Yields Tumble On Reports “No Deal” Expected At G-20

In what appears to be an exercise in expectations management, White House officials are talking to Reuters to set the table for this weekend’s meeting between Trump and Xi at the G-20.

  • *TRUMP, XI WILL MEET SATURDAY IN JAPAN, OFFICIAL TELLS REUTERS

  • *U.S. GOAL FOR G-20 MEETING TO REOPEN CHINA TRADE TALKS: REUTERS

Officials set the tone:

  • *SENIOR ADMIN. OFFICIAL SAYS U.S. WON’T ACCEPT TARIFF CONDITIONS

  • *U.S.-CHINA MAY AGREE ON NO NEW TARIFFS AS GOODWILL: REUTERS

Finally, and most notably, Reuters notes:

  • *NO DEAL EXPECTED AT G-20, SENIOR ADMIN. OFFICIAL SAYS

  • *U.S. DOESN’T EXPECT BROAD TRADE DEAL AFTER G20 MEETING: REUTERS

  • *CHINA TALKS MAY PERSIST FOR MONTHS, YRS, OFFICIAL TELLS REUTERS

Stocks shook off the news but bonds and the dollar did not…

 

via ZeroHedge News http://bit.ly/2X7RzsX Tyler Durden

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