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The United States: The job openings report exceeded expectations, suggesting that the labor market may not be cooling fast enough for the Fed.
Japan: The 10-year JGB yield is the highest in a decade.
Commodities: Commodity market inflows remain robust.
Equities: The Dow has given up its gains for the year and is now firmly in oversold territory.
Credit: Leveraged loans (which pay a floating-rate coupon) continue to outperform high-yield bonds.
Rates: Treasury term premium continues to rise.
Food for Thought: Literacy scores:
Edited by Josh Oldmixon
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