Maybe it’s a reaction to the recent escalation in the US-China trade conflict. Or perhaps the crowd is turning more cautious because of the runup in global equity markets earlier in 2019, before the trade row between Washington and Beijing undercut the bulls. Whatever the reason, yields on key Treasury maturities are trending down and the slide looks set to continue for the foreseeable future.
Continue reading →

US birth rate fell to 32-year low in 2018: WSJ
Iran officially ends parts of 2015 nuclear deal: CNBC
US orders partial evacuation of embassy in Baghdad: NBC
China’s retail sales growth fell to 16-year low in April: Reuters
Are Trump’s China tariffs the end game vs a negotiating tool? NY Times
German economy rebounded in first quarter: Reuters
Italy’s deficit is worrying European markets… again: Bloomberg
US import price inflation increased less than expected in April: Reuters
US Small Business Optimism Index rose to 4-month high in April: NFIB