Corteva Inc stock to come under pressure as field conditions improve. Less demand for insecticides especially as.soil health improves. This should also lead to decreased revenue over the next few months.

This little lab/terrier now the chief quant.

Tax receipts and GDP growth. Currently, the change in federal receipts indicates a strong pickup in government revenue generated from corporate and personal income taxes. A decline in revenues would typically signal a slowdown in economic growth. Historically, federal receipts

G3 yields look as if they will be stabilizing given revival of G3 credit impulse. G3 yields look to stabilize around 2.5%.

Leveraged loans volume:. Opportunistic repricing accounting for 60% of institutional activity in the Europe and 39% in US. In the USA it was the third most active month for institutional issuance at around $45 billion. YTD volume remains about 25% below 2024 levels.

XCCY and Hedging:. Foreign investor peeling back on exposure seems to be largely a function of hedging costs.

Unemployment rate in Canada fell to 6.9%. Employment rose to almost 85,000, and was mainly driven by part-time employment. Would not look at this as tremendous strength in the labor market. Rate cuts still anticipate Canada to be around 2.25% by end of the year.

OIS 1y out pricing 375-400:. Currently 2 cuts 1y out expect this to shift to 1 cut if we continue to see hard data headlines surprise to upside.

FOMC Sentiment and Rates:. FOMC Minute sentiments increasingly downbeat, and expecting rate markets to price out cuts over next year.

Q2 S&P QoQ margin growth forecast. Still expecting margin expansion, as companies still take advantage of consumer’s still willing to consume despite modest price increases.