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Barclays Bank PLC ZC SP ETN REDEEM 13/08/2020 USD 50 - Ser A 06740L444
Barring a dramatic turn, May will be the worst month of 2019 for many major global benchmarks. Indeed, it will likely be the first down month of the year for stocks. The proximate cause is obvious: The trade war between the world's two largest economies is back on.
The re-escalation of trade tensions rekindled concerns about global growth, and in short order, bonds rallied in a move reminiscent of late-March, only this time, it was less clear that the decline in yields would be a benign development. After the March FOMC meeting, the developed market