Trump boost risk assets on his Syria talk - Westpac

Analysts at Westpac noted that having warned Russia on Tuesday that missiles “will be coming”, President Trump tweeted ”Never said when an attack on Syria would take place. 

Key Quotes:

"Could be very soon or not so soon at all!” This flipflop wasn’t too surprising given criticism that he had showed his hand but Trump’s subsequent directive to his advisors to investigate the US rejoining the Trans-Pacific Partnership was. Withdrawing from TPP was his first action as president, fulfilling a key campaign pledge. The reversal seems to have come as he received visits from senators and others explaining the impact of China’s retaliatory tariffs on the agricultural sector."

"Markets of course welcomed this, boosting risk assets and undermining safe havens such as the US 10yr treasury note, whose yield rose from 2.77% to 2.84%, 2yr yields from 2.30% to 2.35%. Fed fund futures yields rose as much as 4 basis points."