It’s too calm for US rates investors to let their guard down

NEW YORK: Long lunches and scenic walks may beckon US traders this week following the recent sprint, but they’ll relax at their own risk.

Sure, the US calendar of events is sparse. And despite a flood of news, last week was actually pretty boring, with 10-year Treasury yields moving only about 7 basis points, an average weekly move for 2019. But given the fragile state of the global economy, investors may find more to trade this week in China’s retail sales and eurozone consumer prices than in the marquee American report on industrial production.