Greetings,
The United States: The market’s confidence in the US avoiding default is growing. T-Bill yields are moving lower.
Asia-Pacific: Australia’s building permits hit a multi-year low.
Equities: Here is a look at US semiconductor stock valuations.
Rates: Long-dated Treasury futures jumped as the debt ceiling deal is viewed as more fiscally restrictive.
Emerging Markets: CDS spreads and government bond rates have spiked in South Africa and Turkey. For other major emerging market economies, these rates have generally fallen since the beginning of the year.
Global Developments: Here is a look at last week’s currency futures positioning.
Food for Thought: Companies citing “AI” on earnings calls:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
