WASHINGTON (AP) — The White House’s top economic adviser says the U.S. will be selling more beef to the European Union. President Donald Trump is set to make the announcement Friday afternoon at the White House. His adviser Larry Kudlow tells reporters that “America has great beef” and “we get to sell more.” The announcement comes the day after Trump increased pressure on China to reach a trade deal by saying he will impose 10% tariffs Sept. 1 on the remaining $300 billion in Chinese imports he hasn’t already taxed. The European Commission announced in June that it had reached an agreement with the U.S. to allow more hormone-free U.S. beef onto the European market. The agreement could end a long-running dispute over EU beef import restrictions.
here.. for you amusement.. https://www.redstate.com/bonchie/2019/08/01/tulsi-gabbard-now-russian-agent/ they are now playing the russian card on each other...
Probably nothing will come of China negotiations in the end, the Chinese are gonna slow play it until 2020 to see who wins the election. If Trump wins they're gonna placate him until his term is over and then go back to what they were doing before, if a dem wins they'll most likely go back to what they were doing before.
A tiny city called Hong Kong sealed the fate of the commies! Winnie is on borrowed time now, ever since he took over china in 2012, that country has been going down hill fast, accelerating the pace recently
It's to close to the next Presidential election to allow Trump to do any trade deals, all of them must be put on hold until then or the next President will simply pull us out of them if they so choose.
Somehow I doubt your bunch of sold TLT calls adds up to more than a hill of beans, which is a blessing for you. Your account will not be blown out of the water today Lots of luck.
For me, 10 is a bunch Yes I am fortunate. I would never take a position that could blow me out of the water. It it is one of many positions. I do think I will sell more at a higher strike today. And FYI they're Sep20'19's at 137 strike. So only $1 ITM.
Your original premise for the trade - comparing US yields to Greece; was wacko. Big moves against your original TY position so you add to it . Look at the 2016 highs in TLT - and the Fed just had it's first rate cut in eleven years. By your logic you should be shorting EU and Japanese Tens also. PS - Draghi isn’t done Also, please just be aware that JUNK HAS TO PAY HIGHER YIELDS in order to attract a bid. The State of Illinois pays 6% yield on its 2044 bonds for good reason. Texas pays less than half that yield and for good reason - they’ve got the vastly superior credit rating and risk assessment. The Bund yields -0.509%. The JGB yields -0.194%. The Greek 10 Year yields 2.05%. All for good reason. Even with low or slightly negative appreciation - it’s better to know you’ll be able to get your entire Principal back in a deep and liquid secondary market. Plenty of buyers and sellers willing to trade tens of billions within a tic for USTY, Bunds, and JGB’s. Not so much for Greek paper.