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Barclays Bank PLC ZC SP REDEEM 13/08/2020 USD 50 - Ser A 06740L469
If you wanted to, you could point to news that the US will delay the imposition of higher tariff rates on some Chinese products to June 15 as a catalyst for the Friday morning surge in equities (SPY), but it's probably safe to assume that rate cut bets are again playing a big role in propelling stocks.
In the wake of the disappointing May payrolls report (top pane in the visual), the market is priced for cuts starting in July - as in, starting next month.