August 1, 2019
Bond Yields Crash On ISM Report, More China Tariffs: Inversions Strengthen
The long end of the yield curve continued its post-FOMC decline on poor manufacturing reports and new Trump tariffs.
Hard hitting global and local news
The long end of the yield curve continued its post-FOMC decline on poor manufacturing reports and new Trump tariffs.
Trump says trade talks with China are on track for September. Tariff hikes are proof they aren’t. Stocks reversed.
The closely watched ISM and Markit PMI both hover near 50. That is the dividing line between growth and contraction.
Counting the FF Rate, the yield curve flattened quite a bit but inversions between 3-month and long end widened.