Greetings,
The United States: Here is the manufacturing production index.
Canada: Foreigners sold Canadian shares in May, …
… but continued to buy debt.
Japan: The yen has been surging amid short-covering and rumors of intervention.
China: Lower interest rates have not triggered demand for mortgages.
Equities: The Nasdaq 100 experienced a long-overdue pullback on Wednesday, marking its biggest one-day decline since 2022.
Credit: Insurance firms have been buying mortgage loans directly rather than via MBS.
Food for Thought: The Russia-Ukraine war equipment losses:
Edited by William Villacis
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