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Bond Market News
Aston Martin’s Bonds up on US-UK Trade Deal
May 9, 2025
Aston Martin’s bonds were higher by as much as 3 points after the new US-UK trade deal, which brought limited but welcomed tariff relief for British manufacturers. Key industries which saw positive changes include automotive, aerospace, and steel. The US will allow 100,000 UK-made cars annually under a 10% tariff, down from 27.5% under Trump but higher than the pre-Trump 2.5%. This boosted shares in companies like Aston Martin and Rolls-Royce, and industry leaders praised the deal for averting potential job cuts. Separately, Rolls-Royce engines used in Boeing jets were also exempted from tariffs, however, the rest of the aerospace industry awaits clarity on whether other parts will face reduced tariffs. While the partial deal has provided relief and optimism in some sectors, business leaders stressed the need for a broader UK industrial strategy and deeper trade negotiations.
Aston’s Martin’s 10% 2029s traded up at 92.1, yielding 12.65%
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