Daily Archives: Jul 23, 2020 at 07:20 am EDT

Are Treasury Yields Poised To Test New Lows?

The demand for safe-haven government bonds shows no sign of easing. It’s not hard to understand why when you consider renewed concern that the US economic recovery is cooling, US-China relations are deteriorating, and there are few signs that America is getting control of the coronavirus. It all adds up to a strengthening conviction that buying Treasuries, even at or near record low yields, remains a prudent choice.

Continue reading

Macro Briefing | 23 July 2020

Senate Republicans and White House set to unveil new relief bill: Roll Call
Trump to send “a surge” of federal security forces to US cities: BBC
Should we expect an October surprise for a Covid-19 vaccine? Politico
China likely to retaliate in US decision to close China’s Houston consulate: CNBC
FBI: China harboring military-linked fugitive scientist in California: CNN
Another night of unrest in Portland as mayor stung by tear gas: Reuters
US unemployment claims remain elevated, suggesting recovery is cooling: WSJ
Better-than-expected corporate earnings support European stock prices: Reuters
US existing home sales surged 21% in June–biggest monthly rise on record: CNBC