Steve Mnuchin said "we're putting the trade war on hold" and will be perceived as a positive - but the devil will be in the details. The real issues to solve are IP and services. Meanwhile, Mnuchin’s name is now high on the Trump deadpool list as White House staffers brief against him.
Companies are citing that wages are rising (due to a tight labor market) and prices for raw materials like steel are rising. Both of these are being reflected in companies’ aims to increase prices of goods and services... inflation is coming.
It’s an extremely busy week of US data/earnings/events with plenty to keep US yields in the spotlight after a notable sell-off in the first half of the week followed by a notable rally over the last couple of days.