The United States: This chart shows the US housing inventory by owners’ age cohort.
China: The central bank has been injecting liquidity using the medium-term lending facility (MLF) as it continues to ease.
The Eurozone: The 2-year swap rate remains firmly in negative territory, with investors betting on the ECB maintaining its dovish stance.
Equity Markets: The supply of equities is getting squeezed by softer new issuance (IPOs and secondary offerings) and accelerated share buybacks – which is keeping the market buoyant.
Global Developments: Here is the CPI for select economies.
Emerging Markets: EM economies which use the US Generalized System Preferences are also vulnerable to US trade policy changes.
Food for Thought: US student loan rates:
Have a great weekend!
Edited by Joseph Cohen
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