MrMBrown: Early FX pricing as the new trading week gets underway...some v v modest USD softness, though no overly significant reaction to the Biden news... - Sky-Tide Media

MrMBrown: Early FX pricing as the new trading week gets underway…some v v modest USD softness, though no overly significant reaction to the Biden news…

July 21, 2024

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Meanwhile in China: China is facing the EXACT opposite situation as as the United States. Their 10-year yield has collapsed nearly 100 basis points in 2024 and widespread stimulus has begun. China is nearing a recession.

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Most of the bond maturities actually are in the Q1 2025 — so we are walking into the HIGH stress point as we turn the page on the calendar. Happy New Year! 🎄🎄🎉

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