Show Notes
Today we look at the crush lower in short term sovereign bond yields, especially in Europe, where Germany's bonds were bid while French and even Italian longer dated bonds remain stressed, a key focus for European markets and increasingly for the euro currency. The retreat in most sovereign bond yields has buoyed market sentiment today, but some underlying stress signs are still there, and credit spreads were wider yesterday elsewhere as well. Elsewhere, new geopolitical developments are worth paying attention to, including this weekend's election in Brazil. This and much more on today's pod, which is hosted by Saxo Global Head of Macro Strategy John J. Hardy. Links
Is dynamic AI pricing a great way to optimize your business or will it just annoy customers into going elsewhere? Reuters covers McDonald's attempt to find out. Looks risky. KKGB notes the risk of a self-reinforcing negative spiral in the current French debt situation from local debt without some dramatic change of course. BBC says that Meta's Muse is about to make the internet more annoying.
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