As Investors Fretted for Most of the Year That The Trade War and Slowing Growth Would End in a Global Resection, Assets Like Gold and Sovereign Bonds Provided Protection. That ended spectacularly thursday. Gold Lost as much as $ 30 an ounce, treasuries tumbled the most since summer and defensive equities sanank. (Bloomberg) A Chinese Ministry of Commerce Spokesman said that both sides in the trade dispute have agreed to roll back tariffs in phases as they work toward a deal. If confirmed by the U.S., such an understanding would provide a road map for a de-escalation of the trade war. (Bloomberg) Treasuries Tumbled Thursday as optimism about the prospect of a trade deal dented demand for bonds globally and Led Investors to trim bets on Further Federal Reserve Rate Cuts. (Bloomberg) Source: Danareksa Securities Debt Research Photo by Zachary-Keimig On Unsplash