Widening of the Treasuries-Bund yield spread: What if the adjustment also took place via the Bund yield? Where would German and French long-term interest rates go if risk aversion rose again? United States: The Fed takes its time Morning Briefing Investment Daily Note Singapore: Brief Reprieve As NODX Gained 6% In August China Cement Weekly: Seasonal Price Uptick Starts in Eastern China Nice price, but unexciting news overall Quick Note – Slightly NEGATIVE A new game plan