U.S Treasuries begin the week on the back foot, trading atop of the key psychological +3% level at +2.994%, prolonging last week’s price decline as capital markets continue to evaluate the global outlook for trade and growth. Note: Trade dominated discussions at an IMF gathering in Washington last weekend – the U.S/Sino trade row, coupled with global debt concerns, were named as threats to the global growth outlook. Higher yields are supporting the U.S dollar against G7 currency pairs. Sterling had briefly been the exception, however, PM Theresa May is trying to squash a cabinet revolt. Elsewhere, crude oil prices ... (full story)