Yields Recover, Sydney Lockdown & Chinese Inflation Miss
Well that was fun while it lasted.
The US 10 year is now yielding 1.33%, well up from the 1.25% low yesterday.
US equities are basically flat and the yen has weakened overnight, USDJPY trying to recapture that 110 handle.
Jimmy always gets straight to the point 👇👇👇
The speed of the move in yields in the absence of news flow did strike me as strange...
If growth concerns are truly the main driver and there were genuine fears that real yields would return