Breakfast briefing: Weaknesses show up in most major economies

Yesterday we noted that factories are under pressure in China because export order flows are drying up. Today we can note that this is heaping pressure on factory owners and their workers. The UST 10yr yield will start today at 4.22%, down -2 bps from this time yesterday. The Kiwi dollar starts today a marginal +10 bps firmer than yesterday at just on 59.1 USc. The bitcoin price is little-changed again today and now at US$26,090 and up +0.3% from yesterday.