Need to Know: Look to these bond signals for clues on what's next for markets
Whatever your preferred metaphor, it looks like perhaps markets may experience a calmer Wednesday than the wild ride of earlier in the week, when concerns about the U.S.-China trade war amid a decision to let the yuan breach a key level stirred global financial markets.
If the Fed’s mid-cycle correction turns into a full easing cycle, then there could be a major convergence between U.S. and non-U.S. investment-grade yields, Timmer says. Another point—credit spreads were stable during the market pullback, perhaps a sign that not only is the credit cycle okay, but so is the economy at large.
The market After the Dow Jones Industrial Average DJIA, +1.21% snapped a five-day losing streak on Tuesday with a 311-point advance, U.S. stock futures ES00, +0.21% YM00, +0.19% NQ00, +0.37% were pointing to solid gains at the open.Europe SXXP, +0.92% stocks rose, even with banks warning about the damage from negative interest rates, while Asian stocks ADOW, +0.00% were mixed.
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