catchtrader International Financial Information

[API report: US crude oil inventories decreased by 8.587 million barrels to 520 million barrels last week]

 In the week of July 31, API gasoline inventories decreased by 1.75 million barrels, refined oil inventories increased by 3.82 million barrels, and Cushing's inventory increased by 1.63 million barrels ; US crude oil imports increased by 123,000 barrels per day last week.

[European Central Bank’s July debt purchases decreased by nearly 40 billion euros from the previous month]

 The improvement in market conditions and the European Central Bank’s usual slowdown in the summer has led to July’s emergency bond purchases (PEPP) purchases from June The 120 billion euros fell to a level slightly above 80 billion euros. The European Central Bank’s chief economist Lien said that it is reasonable not to over-interpret the European Central Bank’s July bond purchase slowdown. It only shows that the European Central Bank is satisfied with the current progress and is not eager to buy bonds to further narrow the spread.

ING: If Friday’s U.S. employment data is lower than expected, U.S. bond yields will hit a record low

The U.S. 10-year Treasury bond yield is currently hovering at around 0.5% and 1.8% at the beginning of 2020. In the long run, Bouvet expects that the yield gap between U.S. Treasury bonds and German Treasury bonds will widen, but due to the employment report, Friday’s gains The rate difference may be narrowed. He said in an interview: "I will take some chips from the table. It turns out that if the US data is very poor, you can get a better starting point for trading." Bouvet expects that the good news in the United States (such as the passage of a new round of economic stimulus bills by Congress) and the increase in the number of new crown cases in Europe will eventually lead to a widening of the spread between US and German government bonds.