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From pmi.spglobal.com|10 hr ago|14 commentsUS businesses signalled a broad stagnation in output at the end of the third quarter as manufacturers and service providers alike indicated muted demand conditions. September data indicated the worst performance across the private sector since February, as the service economy lost further momentum. New orders fell at the strongest pace this year so far as ...
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From think.ing.com|8 hr agoBack in July, we called for the US 10yr yield to break back above 4%. Since then, we’ve commented on the bear market that is US bonds and in the past month, we’ve been calling for the US 10yr to hit 4.5%. And here we are, a rising rates environment that is there for good reason - effectively as nothing has broken yet. So, what next? We argue that the ...
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