… About Weak ISM Number or Comments from Wilbur Ross saying tariffs will be levied on China if No Deal Done by December 15th , The Sell narrative for Bonds today much stronger then these items.The reasons for the global sell off , in no particular order better economic data points from Europe and Asia hinting that worst is over for Global economy aggressive steepening move in Yield curve unwinds the flattening trade,Possibility increasing of German Fiscal stimulus as Chancellor Merkel’s party loses another Local election and the Month of December bringing book/position squaring ahead of year end. regardless of the “Why” Yields are higher the important take away is that this selling was not interrupted by seemingly Bullish bond headlines. Hmmm
More back and Forth comments regarding US/China phase one deal, “its on its off markets maybe growing tired of this groundhog day like commentary.
SPX headed for biggest daily decline in almost 2 months,if it closed now