The Iran peace trade is fading today after Trump wrote:

The terms that Iran leaked out to the Fake News have NOTHING to do with the terms that were agreed to, in writing. What they said, including their weak and pathetic statement on having a deal, bears no relation to the truth. Very dishonorable people to deal with. With them, there is no such thing as dealing in good faith. AMAZING! Also, their totally rebuffed Drone attack last night against Indian Ships leaving the Hormuz Strait is TOTALLY UNACCEPTABLE. They better get their act together, and FAST! President DONALD J. TRUMP

He could clear it all up by simply releasing the text of the agreement.

Unfortunately, the market has seen this all before with Trump claiming there is a deal and then it all falls apart in hours. Treasury yields are up 3 bps today and the US dollar is higher.

The good news is that Trump isn’t blowing it all up yet. I wrote earlier about the terms and how tilted they seemed, basically meeting all the Iran demands. If anything, it’s actually heartening that those aren’t the terms because it would have been hard for the US and future administrations to stick to that deal.

Trump calling Iran ‘dishonourable’ is rich, considering he bombed and killed Iran’s leadership during negotiations just a few months ago.

This article was written by Adam Button at investinglive.com.