The fear trade that’s animating Treasury buying is alive and well. Although you might have missed it by focusing on the soaring US equity market, the rush into safe-haven Treasuries has hardly missed a beat this year — a preference that’s pushed bond prices up and yields down.
Daily Archives: February 21, 2020
Macro Briefing | 21 February 2020
Coronavirus cases spike in South Korea: Time
Will the soaring US dollar create headwinds for US stocks? MW
Eurozone economic growth is still weak but pace picked up in Feb: IHS Markit
US Leading Economic Index rose sharply in January: MW
Jobless claims in US remain near post-recession low: MW
Philly Fed Mfg Index soars in Feb, suggesting US mfg recession is over: CNBC
Inverted 10-year/3-month Treasury yield curve dips to 4-month low: