Advertisement
by Chris Becker
Time to get out those erasers at Treasury offices around State and Federal capitals again as the iron ore complex returns to its downwards march. Overnight saw a 2% slump in spot prices with 12 month swaps falling below the $50 level, confirming the dead cat bounce and hopes of a recovery.
Here’s the table and daily charts:
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe