Headlines discussed at LNWM’s Monday morning briefing:
— US consumer prices were up 5.4% in July vs. a year ago, but annualized core inflation (ex food and energy) slowed to 0.3% in July vs. 9% in June.
— The yield on 10-year Treasury bonds sank below 1.3% as consumer confidence in Aug. fell to 70.2, lowest level since Dec. 2011.
— New weekly claims for US unemployment are staying below 400,000; of the more 12 million people total collecting jobless benefits, 8.5 million are on pandemic-related relief.
— A new social impact scoring system for municipal bonds is being developed by Intercontinental Exchange and risQ.
— China partially closed the world’s 3rd largest port to stop spread of Covid-19, adding to fears of global supply shortages.
Disclaimer: Clicking on any of the above links will take you away from the LNW web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.
