Daily Archives: Feb 13, 2020 at 06:55 am EST

Treasury Market Flashes New Warning As Real Yields Go Negative

It happened before, in 2012-2013, but the US economy muddled through a soft patch. Is it different this time? It’s a question worth pondering as the global economy struggles to model the spreading coronavirus that’s weighing on China and, increasingly, reverberating in economies around the world. The European Commission today, for example, advises that coronavirus is a “key downside risk” for the bloc’s economy.

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Macro Briefing | 13 February 2020

Coronavirus cases rise sharply as death toll surges in China: CBS
Trump’s intervention in Stone case shocks Washington: Politico
Trump says proposed cut in military pact with Philippines is no problem: Reuters
Central banks taking a wait-and-see policy approach to coronavirus: WSJ
European Commission: coronavirus is “key downside risk” for Eurozone: BBG
Oil demand expected to drop in Q1–first slide in a decade: CNBC
Senate hearing today will address Judy Shelton, controversial Fed pick: BBG
DFA: new bond factors appear to be irrelevant for fixed-income investing: InstInv
Driven by global search for yield, Greece’s ‘junk’ 10-yr bond yield dips below 1%: FT