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U.S. Trade Representative Greer: Mexico was quite pragmatic in the negotiations; their growth depends on the U.S. market.U.S. Trade Representative Greer: Some issues, such as rules of origin, labor, and the environment, may take longer and will be delayed until next year.U.S. Trade Representative Greer: Optimistic about achieving some progress in the UMCA agreement by the end of the year.U.S. Trade Representative Greer: We hope that the rules of origin in the UMC agreement will be very strict to incentivize production in North America.On July 22, HSBC strategist Dhiraj Narula stated in a report that HSBC believes long-term US Treasury Inflation-Protected Securities (TIPS) offer investment value. TIPS yields are currently at multi-decade highs. "The sharp rise in real interest rates in recent weeks contrasts sharply with the plunge in the inflation breakeven spread, which remains low despite rising oil prices amid renewed geopolitical tensions in the Middle East," the strategist said. He attributed this primarily to several Federal Reserve members sending a more decisive message on price stability, emphasizing their commitment to the 2% inflation target.