US hourly earnings growth increased for white-collar workers but fell - 2nd month in a row - for blue-collar workers

USDKRW - the story so far

Guy, do you have a view on the usefulness of job openings data from Indeed and LinkUp? I didn't know of the latter till the BCA guy mentioned it on the other place. This is the chart he posted recently. Perhaps links in with your point about hurricane impact, although Nov also has sharp declines?

AI in LDI

UK is in a much better fundamental position.

The Reeves budget outlays weren't mostly unfunded like the Kwarteng budget.

Gilts now have a large premium vs 2022. Real yields are 300bp higher, as inflation has halved.

To borrow from @darioperkins.bsky.social , no moron risk premium needed!

Schatz getting Schanbelled this morning

France- Germany yield spread closed at the widest since the Eurozone debt crisis.

IMF’s forecasts suggest the trend continues.

Spain is swapping places with France in the Eurozone’s economic core.

Even Italy is projected to fare better.

Qu’est ce qu’il se passe???!!

Hurricane impact predominantly

UST 10y yield reaction to Scott Bessent's appointment means for now we remain in the downtrending channel after the big trendline break in Q2

US 2s10s back to being inverted following further bull-flattening in Asian trading

This is brilliant

He's gonna say to me 'go back over there' despite the fact that I am a client! But the chart below is revealing.

'Frankly the decline in industrial production in Germany appears to predate both the pandemic and the (very real) natural gas shock of 2022'

Global renewable capex has doubled over last year alone with sola particularly becoming far more affordable.

Renewable capacity addition has repeatedly confounded forecasts in recent years.

This could change a lot of assumptions about productivity, inflation and geopolitics, among other things.