Macro Briefing | 13 August 2019

Hong Kong leader: protests have unleashed ‘chaos and panic’: Reuters
Fears of Argentina’s default trigger widespread selling: Bloomberg
Will Trump’s crackdown on immigration damage California’s economy? LA Times
China’s central bank weakens yuan/$ midpoint reference rate for 4th day: CNBC
German economic survey indicates ‘significant deterioration’ in outlook: ZEW
60% of S&P 500 stocks offer dividend yield above 10-year Treasury yield: WSJ
Bond market’s recession signal set to strength if 10yr-2yr gap inverts: CNBC
10yr Treasury yield sinks to 1.65% as risk-off sentiment strengthens: