<p>US ISM Services PMI dropped from 53.9 to 52.7 in July, slightly below expectation of 53.0. Looking at some details, business activity/production dropped from 59.2 to 57.1. New orders dropped
<p>Key insights from the week that was. Beginning in Australia, the July Monthly CPI Indicator provided further confirmation of the deceleration in inflation’s momentum, easing from 5.4%yr to 4.
<p>There was a less-than 20 minute window where investors could get risk-free US dollar yields of 5% for 30 years.</p><p>It was the first crack at 5% long-term yields since 2007 and
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