Bond markets on track…yield drop about weak #China economy, not delta variant. See China 1-year yields and economic momentum index @johnauthers @rbrtrmstrng @gnoble79 @ttmygh @RealVision pic.twitter.com/KmtycfRfOy
— CrossBorder Capital (@crossbordercap) July 20, 2021
china large cap ETF vs SPY
china leads the economic cycle pic.twitter.com/OH71HpHFcF
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) July 20, 2021
#china data shows levelling off, but yields are catching up with prior slide … and there is a shortage of ‘safe’ assets t.co/Il1FbLUMLW
— CrossBorder Capital (@crossbordercap) July 20, 2021
The Great Inflection in #liquidity seems to be having an effect today on #stockmarkets pic.twitter.com/eQA1ET9tL4
— CrossBorder Capital (@crossbordercap) July 19, 2021
#JPY Crosses moving back to Non-Dollar Risk-off world:
S/T 1m correlation b/w AUDUSD & USDJPY back to positive=>AUDUSD lower, USDJPY lower
Earlier in Dollar world, we saw negative correlation recently => AUDUSD higher, USDJPY lower => AUDJPY was relatively stable (Mar-Jun)
1/3 pic.twitter.com/oPU0VPIL0M
— Varad Markets (@VaradMarkets) July 20, 2021
One other potential warning is getting uncomfortably close to being tripped.
JGB 10s, nothing good happens when it turns from positive to negative. It's right there right now.t.co/KMLPgVIvlj pic.twitter.com/4w0Ofml3gV
— Jeffrey P. Snider (@JeffSnider_AIP) July 20, 2021
…more QEs inevitable. Is this QE#9 or is it QE#10? Losing count! t.co/quUzZDFRGz
— CrossBorder Capital (@crossbordercap) July 20, 2021