It’s the 2s. Markets paused? Swaps won’t budge. Central banks go dove. GDP worse. Consumers cut back. Disinflation everywhere. Banks keep de-risking. China still China.
It’s the 2s. Markets paused? Swaps won’t budge. Central banks go dove. GDP worse. Consumers cut back. Disinflation everywhere. Banks keep de-risking. China still China.
