Fear of Rate Hikes Return as US Producer Prices & UK GDP Surge

Central Bank-induced mayhem may not be over so soon after US Producer Prices rose more than expected and UK GDP growth surprised higher, stoking fears of more rate hikes from The Federal Reserve and The Bank of England. Bond yields and the DXY are rising this morning following these reports.

Elsewhere the situation in China continues to deteriorate after news of Country Garden engaging with a debt restructurer was snuck in under the fold and buried beneath the headlines.

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