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🇨🇦 Canada's unemployment rate dropped to 6.9% in June, below consensus of 7.1%. Employment rose sharply by 83.1K, vastly exceeding 0K consensus. This was largely driven by part-time employment, which increased by 69.5K, its strongest gain since February 2022.

Here's what global government bond yield curves look like (as of July 10, 2025).

🇺🇸 US Continuing Jobless Claims for the week ending June 28 rose to 1.965M (vs 1.980M consensus, 1.955M previous), the highest reading since November 13, 2021.

🇺🇸 Our FOMC Minutes Sentiment Indicator suggests that FOMC members have become markedly more downbeat.

RT @AugurInfinity: 🇬🇷 Since the end of 2021 –.– Greek equities have outperformed French stocks by 140 percentage points;.– Greece yield is….

🇨🇳 China vehicle sales rose 13.8% Y/Y in June.

🇰🇷 The Bank of Korea held its policy rate at 2.5%, matching consensus.

🇯🇵 For Japanese investors, hedged Italian and French government bonds are now more attractive than domestic JGBs from a yield perspective.

🇳🇿 New Zealand Visitor Arrivals in May slowed to 6.1% Y/Y, a notable decrease from 18.8% in April.

RT @BobEUnlimited: Growth is slowing. H/t @augurinfinity

🇺🇸 The Atlanta Fed's GDPNow model is now tracking Q2 GDP at 2.6%, unchanged from July 3 after rounding.

RT @beardedmiguel: Also here's what this looks like with their tariff data @AugurInfinity

🇳🇿 The Reserve Bank of New Zealand kept its policy rate unchanged at 3.25%, in line with market expectations.

🇨🇳 China's Producer Price Index (PPI) fell 3.6% Y/Y in June, deeper than the consensus forecast of -3.2%. This marks the lowest reading since July 2023.

🇨🇳 China inflation rose 0.1% Y/Y, topping consensus of 0.0%. M/M inflation, however, remains negative at -0.1%, below consensus (0%).

🇺🇸 According to NY Fed, short-term consumer inflation expectations declined from 3.2% to 3%, while medium- and longer-term inflation expectations were unchanged.

🇺🇸 US NFIB Business Optimism Index for June fell to 98.6, below the 98.7 consensus and down from 98.8 in May.

🇺🇸 While GDPNow's tracking for Q2 GDP remains high at 2.6%, the underlying growth has clearly slowed. Stripping out net exports & inventories, real final sales to domestic purchasers is 1.3%. From there, if we remove govt spending, the real final sales to private domestic

🇦🇺 The RBA defied market expectations for a 25 bps cut and kept rates unchanged at 3.85%. #AUDUSD