Popular Bond Market Reading on UK Economy Flips Back to Normal

-- An anomaly that has plagued the UK bond market for more than a year ended on Monday, with the 10-year yield rising back above the two-year.The move restores what is considered to be a normal state of affairs, and shows investors are pricing an end to the era of tight monetary policy that had distorted rate markets, and raised concerns over the outlook for growth.

An inverted curve has historically signaled a recession and preceded deep interest-rate cuts. But unlike previous easing cycles, the BOE is not responding to a deep economic slump this time. Rather, officials are looking to reduce rates from a 16-year high as inflation eases back to their 2% target. Former president Donald Trump recently suggested that he is considering instituting a policy of tariffs that would lead to the elimination of the federal income tax. Check Out: Trump-Era Tax Cuts Are...Cash transactions are way down. These advocates say the feds need to do something

When someone tried – and failed – to burn down a bus garage in Prague earlier this month, the unsuccessful arson attack didn’t draw much attention. Until, that is, Czech Prime Minister Petr Fiala revealed it was “very likely” that Moscow was behind it.Longtime Democratic strategist James Carville said President Biden does not have advisers telling him what to do, he has employees, in comments after his poor debate showing on Thursday night.

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