BLOOMBERG Bloomberg Markets Balance Of Power July 12, 2024
There is the fear of less demand, which will certainly happen if parts of the u. S. Economy perhaps do not go under lockdown but some sort of shutdown. Decca dampened Economic Activity. As well as the demand for consumers and the like. We have bonds higher with a 10 year yield, down five basis points. What makes this so interesting is, over the last few weeks, it felt like it has been risk on. That is not the case. Markets are onto this. The last couple weeks have been risk off. The s p 500 is down over that time period, the yen is higher, and tensions are subtle to the touch, but when we are ...