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Highlights Chart 1Bond Yields Have Upside In A Blue Sweep
Bond Yields Have Upside In A Blue Sweep…
Highlights Chart 1Spending Held Up In August
Spending Held Up In August…
Highlights Chart 1Permanent Job Losses Still Rising
Permanent Job Losses Still Rising…
Highlights A buildup in industrial inventory may temporarily slow down China’s commodity imports over the next month or two. Last week’s Politburo meeting stated that policy supports will remain in place for 2H20, despite a rising policy rate. We think the policy rate normalization will not…
Highlights Chart 1How Much Lower For Real Yields?
How Much Lower For Real Yields…
Highlights Chart 1More Stimulus Required
More Stimulus Required…
Highlights Chart 1More Stimulus Forthcoming?
More Stimulus Forthcoming…
Highlights Chart 1Low-Rated Junk Returns Are Lagging
Low-Rated Junk Returns Are Lagging…
Highlights Chart 1Will Fed Purchases Mark The Top?
Will Fed Purchases Mark The Top…
Highlights China’s capital spending is likely to gradually recover in the second half of 2020. We project 6-8% growth in Chinese traditional infrastructure investment and a 30-50% increase in tech-related infrastructure investment by the end of 2020. There will not be much stimulus to boost…