Specifically, the eurozone's flash September Manufacturing PMI declined to 45.6 from 47.0 in August, and Germany's flash Manufacturing PMI fell to 41.4 from 43.5. A reading below 50.0 denotes a contraction. In turn, growth concerns have contributed to the increased demand for U.S. Treasuries, driving yields lower across the curve.
-- briefing.com/23 September 2019
And how, pray tell, is Powell supposed to stop this rush to Treasuries?? Hmmm?
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