18th July 2023

  • Increased Wagers on Treasury Rally Risk Exacerbating Any Selloff

Long positions in interest-rate futures increased before CPI

Flows into fixed-income funds have had a seasonal surge

https://blinks.bloomberg.com/news/stories/RXXZRSDWLU68

  • Goldman Sachs Says This Yield Curve Inversion Is ‘Different’

Economist Jan Hatzius says term premium is lower than normal

Consensus is too pessimistic, pressuring long-term rates

https://blinks.bloomberg.com/news/stories/RXYIRZDWX2PS

  • US Plans Narrow Limits on China Tech Investments, Likely by 2024

Executive order to focus on chips, AI and quantum computing

Washington process means rules not likely to bite until 2024

https://blinks.bloomberg.com/news/stories/RXX39JDWLU68

  • Yellen Says China Slowdown Risks Spillovers But No US Recession

Treasury secretary speaks in interview while attending G-20

Yellen has sought to de-escalate tensions with China

https://blinks.bloomberg.com/news/stories/RXXYJ6DWRGG0

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