Pummeled by China's awful numbers, LT bonds worldwide were bid. Then came another major CPI down big, and so, too, were rates. Inversions are back big.
Was the lessened pessimism of the second half of December an illusion? For the first full trading day of 2023, it sure seemed like it. Pummeled by China's awful numbers, LT bonds worldwide were bid. Then came another major CPI down big, and so, too, were rates. Inversions are back big.
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