Will the UK Service inflation finally soften? The consensus once again hopes that service prices will de-accelerate in the UK, while Le Pen is trying to pour oil on troubled waters in French fixed income. To read the full article, sign up for a 14-day FREE trial of...
While the rate of change is turning bearish on growth- and inflation, we may (temporarily) end up in a goldilocks scenario in July. Bonds tend to perform alongside equities in such a scenario. Buy risk and head for the summer cottage? To read the full article, sign up...
The Treasury has reduced the sizes of short-dated bill auctions in early to mid-June, enhancing liquidity conditions. They plan to restore these auction sizes to February and March levels by July. This expected increase in bills auctions should add over $200 billion...
We are still observing China’s next moves in the copper market, as inventories at Chinese exchanges are booming while they are running low in the West. Meanwhile, our studies reveal that the physical demand in China is absolutely on the floor! To read the full...
Our chart on Chinese copper stock levels has made the rounds over the last months ever since we started flagging it in March. The weekly numbers coming out become increasingly more out of sync with the seasonal patterns prompting us to speculate that something is...
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