04.14.2025

Trader TV: No Playbook for Trump’s Tariffs

04.14.2025
Trader TV: No Playbook for Trump’s Tariffs

Markets have seen yet another tumultuous week as the Trump tariff saga continues. By Wednesday, April 9, major sell-off fears spread to US treasuries—often deemed the world’s safest and most liquid asset—forcing the US President to walk back some of his tariff agenda and announce a 90-day pause on a long list of “reciprocal tariffs”, except those affecting China, the minimum 10% tariff baseline for all countries and a variety of other sectoral tariffs.

Trader TV speaks to Miguel Cota, head of fixed-income trading at Avantis Investors (American Century Investments) about the events of last week, the volatility in fixed income, and the contagion risk across all global markets.

There is no playbook for this says Cota. “This source of volatility is new, something we haven’t seen before”

The head of trading walks through his teams approach to trading in these kinds of conditions; how it differ per asset class, their voice Vs electronic breakdown, and what informs their decision-making.

Finally, Cota poses the big question we are all looking for answers to. Find out what that is in this episode.

Vimeo – https://vimeo.com/manage/videos/1075077211/74c29f6d9a/player


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