Bloomberg Surveillance Bloomberg Surveillance TV: July 8th, 2025
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Jul 8, 2025 
Rob Casey, Partner and Senior Analyst at Signum Global Advisors, delves into President Trump's economic priorities, particularly focusing on recent adjustments to tariff deadlines. Sarah Bianchi, Senior Managing Director at Evercore ISI, discusses the strategic goals behind these tariffs and ongoing trade negotiations. They highlight the complexities of international trade dynamics, emphasizing the urgent need for finalizing deals with key partners while considering the broader economic implications of rising tariff revenues.
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Corporate Credit Resilience
- Corporate credit markets show resilience despite macro volatility and uncertainties.
- Income and yield are the main attractions, not expecting major spread tightening soon.
Market Defies Trade War Fear
- Market participants aren't turning bearish despite trade tensions escalating.
- There is significant optimism reflected in equity upgrades and selective credit risk-taking.
Tariffs Target Trade Deficits
- Trump administration's tariffs aim to reduce trade deficits and support U.S. exports.
- Negotiations are complex and bandwidth limited, complicating deal finalizations.