Good morning everyone. As we start the day here in early NY, three primary headlines are capturing the spotlight.
In international news, China has responded with a counter-threat to a US warning issued yesterday. The US had cautioned that secondary sanctions would be imposed on anyone assisting with Iranian financial flows and trade, a situation that is covered in the FT report attached below.
Turning to the financial sector, Stan Druckenmiller authored a sharp WSJ op-ed critiquing the US Treasury for its interventions in the bond market. The most frequently cited paragraphs from his article are provided below as excerpts.
Finally, looking at commodities and rates, oil prices have fallen by another 3%. This drop is providing some relief from the upward pressure we have seen on global government bond yields. Specifically, the US 10-year yield has experienced a 3 bps decline, as illustrated by the CNBC charts below.
#economy #markets @cnbc @wsj @ft #bonds #yields #sanctions #oil #yields
In international news, China has responded with a counter-threat to a US warning issued yesterday. The US had cautioned that secondary sanctions would be imposed on anyone assisting with Iranian financial flows and trade, a situation that is covered in the FT report attached below.
Turning to the financial sector, Stan Druckenmiller authored a sharp WSJ op-ed critiquing the US Treasury for its interventions in the bond market. The most frequently cited paragraphs from his article are provided below as excerpts.
Finally, looking at commodities and rates, oil prices have fallen by another 3%. This drop is providing some relief from the upward pressure we have seen on global government bond yields. Specifically, the US 10-year yield has experienced a 3 bps decline, as illustrated by the CNBC charts below.
#economy #markets @cnbc @wsj @ft #bonds #yields #sanctions #oil #yields
