Greetings,
The United States: Bear steepening continues.
This has been a challenging year for existing-home sales.
Rates: The drawdown in longer-dated Treasuries now exceeds 50%.
The Eurozone: Euro-area bond yields are climbing, with the French 10-year rate reaching the highest level in over a decade.
China: Market rates are rising, which further tightens China’s financial conditions. Here is the 10-year yield:
Asia-Pacific: The Australian employment report was disappointing, revealing a significant drop in the number of full-time positions.
Food for Thought: Adoption of new technologies:
Edited by William Villacis
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