Weekly Market Snapshot – January 21st, 2020
Created by: Sam Tenney
- On Wednesday, January 15th the US and China signed a “Phase one” bilateral trade agreement. The US is required to reduce tariffs from 15 percent to 7.5 percent on $120 billion of Chinese imports and refrain from further tariff escalations. In return China is required to buy $200 billion in additional American goods.¹
- President Trump has appointed two new members to the Federal Reserve member board, Christopher Waller, a longtime regional Fed official, and Judy Shelton, a Fed critic.²
- Oxford college has planned a historic 100-year bond release for the school. The University attracted 750 million in its first ever bond issuance back in 2017. This shows an increased appetite for higher yielding debt from both the market and issuers. ³
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