Incredibly weak upstream and downstream inflationary pressures in China. Not good. CHINA AUG NON-FOOD CPI +0.2% Y/Y CHINA AUGUST PPI -1.8% FROM A YEAR AGO (REUTERS POLL -1.4%)
https://x.com/Scutty/status/1832956146111619144
...today the US 10yr has begun to diverge away from the 2yr yield, uninvert by 0.054pc
US 10 yr= 3.742pc
US 2 yr = 3.688pc
...market participants elected to be complacent.
