Swiss Economicblogs.org
The downward tilt to bond yields means we have revised down our year-end forecast for the 10-year US Treasury yield.The impressive 52 basis points fall in the US 10-year Treasury yield to 1.5% made August a remarkable month.Unsurprisingly, the fall owed much to the fear that additional US tariffs on Chinese imports could prolong the global manufacturing recession, thereby increasing the risk of contagion to the services sector and hence sparking a general US slowdown. It seems that market...
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