US mfr'gs hard landing continues/Job openings shrink again/Look at chart on mfr'g construction
I will quickly start by saying I'm not exactly sure why long end bond yields are jumping (and in the face of a dovish RBA and the weak ISM) with the US 10 yr yield back above 4%. European yields are higher too maybe on the better than expected jobs number out of Germany. Maybe it's the large supply the US Treasury is issuing this week in short term bill…
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