newstome1: Breakthrough: North Korea Ready to Denuclearize ‘If…

newstome1:

Breakthrough: North Korea Ready to Denuclearize ‘If Regime Safety Is Guaranteed’

Score another diplomatic victory for Trump, whose hard line negotiating tactic appears to have generated a dramatic – and favorable for market – outcome. Moments ago futures spiked, 10Y yields jumped and the USDJPY bounced about 106 on what the FT dubbed a “diplomatic breakthrough” that North and South Korea have agreed to hold direct talks between their leaders with North Korea signalling it is willing to abandon its nuclear program “if regime security can be guaranteed.“

The headlines come from South Korean National Security Office special envoy Chung Eui-yong, who is speaking to reporters in Seoul after returning from Pyongyang. Remember he and another envoy, National Intelligence Service chief Suh Hoon met North Korean leader Kim Jong Un in Pyongyang on Monday. Chung confirms that North Korea is indeed ready to stop the jawboning and negotiate:

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Source: News To Me

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