The tariffs have been announced and the proverbial cat is out of the bag. Yet judging by the market reaction it appears as if the cat jumped right amongst the pigeons and a lot of asset classes do not behave as one would have expected.
Participants:
- **Peter Schaffrik **(Desk Strategy), Head of UK/European Rates & Economics
- Blake Gwinn (Desk Strategy), Head of US Rates Strategy
- Elsa Lignos (Desk Strategy), Head of FX Strategy
* Research Analyst opinions are their published views, independent of those expressed by Desk Analysts