Last week was data-heavy: while the US showed mixed economic signals, there were signs of slowing activity in China. Europe exhibited uneven trends, whereas Japan’s economy accelerated and India’s credit rating got a boost. Major global equities closed the week higher amid risk-on sentiment and Fed cut hopes, while benchmark 10-year US Treasury yields rose. The dollar softened, and oil prices also eased. European long-end bond yields rose sharply last week and for 30yr German Bond Yields this has seen the sideways range of the past two years resolved higher to suggest we may be seeing the medium-term trend turning ... (full story)