More on the US Treasury yield curve inversion and widening bond spreads

The equities relief rally

Yesterday was a relief rally in stocks due to the China-US trade truce deal at the Buenos Aires G-20 meeting over the weekend. But this truce is not that significant economically. As I indicated yesterday, though, this deal was very amorphous, very squishy.  The quid pro quo terms that China has agreed to aren't very specific. A…