Daily Three: U.S. Trade Deficit Grows 10.1% m/m, The Service Sector Grows In June and The Latest Negative Bond Yield Is The Japanese 20-Year
- The trade deficit widened by the largest margin in May since August of 2015; however, the petroleum deficit actually narrowed. Bloomberg
- The U.S. service sector’s measurement, the nonmanufacturing purchasing managers index, climbed 3.6 points in June reaching a high since November. The Wall Street Journal
- The Japanese 20-year government bond joined the trillions of dollars of soverign debt trading in negative territory today. Reuters