(USTs moderately higher / steeper on light volumes)while WE slept; 2s5s, 2s and CARRY; China; stocks (and earnings) & liquidity; golden crosses forming
thebondbeat.substack.com
Good morning … China Producer Prices fell further, down 5.4% against expectations of -5.0% and -4.6% prior, while annual CPI was flat. Said another way, Reuters: China's deflation pressure builds as consumer prices falter The Fed should / could only be so lucky that de / dis inflation are the next greatest import from China. Perhaps Yellen inked a TRADE deal guaranteeing such? Time will tell. As far as here and now goes, YESTERDAY I offered up a weekly look at 5yy and ahead of this weeks onslaught of duration, I thought a DAILY look of a security which isn’t going to be up for auction, might be in order,
(USTs moderately higher / steeper on light volumes)while WE slept; 2s5s, 2s and CARRY; China; stocks (and earnings) & liquidity; golden crosses forming
(USTs moderately higher / steeper on light…
(USTs moderately higher / steeper on light volumes)while WE slept; 2s5s, 2s and CARRY; China; stocks (and earnings) & liquidity; golden crosses forming
Good morning … China Producer Prices fell further, down 5.4% against expectations of -5.0% and -4.6% prior, while annual CPI was flat. Said another way, Reuters: China's deflation pressure builds as consumer prices falter The Fed should / could only be so lucky that de / dis inflation are the next greatest import from China. Perhaps Yellen inked a TRADE deal guaranteeing such? Time will tell. As far as here and now goes, YESTERDAY I offered up a weekly look at 5yy and ahead of this weeks onslaught of duration, I thought a DAILY look of a security which isn’t going to be up for auction, might be in order,