25th July 2023

  • Bond Traders Bet on ‘Nirvana’ in New Decoding of Yield Curve

The deep inversion is usually seen as a recession warning

But Yardeni, Goldman see confidence in a Fed victory

https://blinks.bloomberg.com/news/stories/RYB28NT0G1KW

  • Oil Advances to Set Up Challenge of $80 as China Bolsters Growth

US crude’s close above 200-day average aids bullish outlook

WTI futures climb above $79 a barrel following three-day climb

https://blinks.bloomberg.com/news/stories/RYC6OGDWRGG0

  • Top Euro-Area Economies Flash Recession Warning Signals

German composite PMI drops to 48.3, economist est. 49.8

France at 46.6 in July, economists predicted 47.7 reading

https://blinks.bloomberg.com/news/stories/RY9L3FT0AFB4

  • Government Bonds Surge as Traders Parse Economic Outlook

German short-dated notes lead gains after PMI data worsens

Moves come ahead of likely 25bps hike from ECB on Thursday

https://blinks.bloomberg.com/news/stories/RYAUJ3T0G1KW

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