In what should serve as a wakeup call for the Biden administration about the climate of trade between the U.S. and China (but won't), China is reportedly blocking its domestic airlines from doing business with Boeing.They think its a trade spat. Maybe it is. Or maybe there is smoke billowing from the Chinese side of the global economy.U.S. Commerce Secretary Gina Raimondo made the revelation on Tuesday, according to Reuters, stating that Chinese airlines were being prevented from buying "tens of billions of dollars" in U.S. made airplanes.
Raimondo also pointed out that China wasn't living up to its promises made in 2020 to buy U.S. goods.
Where Are 10-Year US Treasury Yields Headed?
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Jim Bianco at Bianco Research thinks there is one more push higher in
long-term yields. Then if sentiment is extreme, he will go long.
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