Comments by US commerce secretary, Wilbur Ross
- Will delay ban for some businesses
- But US had added more than 40 Huawei subsidiaries to entity list
The headlines here is giving an added push to risk assets on the day with USD/JPY now climbing to a session high of 106.70. Treasury yields are still sharply higher across the curve with 30-year yields up by nearly 8 bps at 2.112% currently.
I don't see this as being game-changing to be honest. This just reaffirms reports seen from over the weekend. In the big picture, this won't do much to resolve the differences faced by both parties in trade talks either.
