Greetings,
The United States: The decline in the value of gasoline sales was also a drag on retail sales.
Asia-Pacific: Japan’s service sector activity edged lower in May.
China: The Chinese yuan is undergoing a larger depreciation in real terms and is far below its long-term trend.
Equities: Small caps are much more sensitive to Treasury yields than large caps, especially tech.
Rates: Here is a look at market expectations for the evolution of the Treasury curve.
Food for Thought: The Happiness Score across the United States in 2024:
Edited by Josh Oldmixon
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