ETH Archives - The Industry Spread

Risk aversion on the rise as global bond yields continue to fall

May 29, 2019

Asian indices finished lower today as the China-U.S. trade dispute continues and a Chinese official hinted yesterday that Beijing could use its strength in rare earth minerals as leverage in its trade dispute with the United States. A rally in US 10-year treasuries saw yields slump to multi-year lows resulting in the inversion of the yield curve for the second time this year. It’s a repeat of the warning shot first fired in March this year.

Asian Equities Finished Lower, Euro Approaches YTD Low

May 23, 2019

Asian markets finished lower today as traders worry that the China-U.S. trade war escalates, following reports that the US will look at imposing a blacklist on up to five China surveillance companies and the FOMC minutes added nothing new as “Members observed that a patient approach to determining future adjustments to the target range for the federal funds rate would likely remain appropriate for some time,” according to minutes of the Federal Open Market Committee’s two-day meeting in late April.