CHINA/ECONOMY/STATE/TRUMP AS PRESIDENT/UK: “Euro zone government bond yields went further into negative territory on Thursday [8-15-19], reflecting concerns of an impending global recession after the U.S. yield curve remained inverted for the second straight trading session. Risk aversion globally among investors also increased after U.S. President Donald Trump appeared on Wednesday [8-14-19] to tie a U.S. trade deal with China to a humane resolution of the weeks of protests wracking Hong Kong. The State Department warned that continued erosion of the territory’s autonomy put at risk the preferential status it enjoys under U.S. law. The U.S. curve has inverted before every recession in the past 50 years, offering a false signal just once in that time.”
–Virginia Furness, “German government bond yield curve flattens as recession concerns mount,” August 15, 2019 12:44 am