Bond yields finally started to fall again, from approximately 3.25% to 3.20% on 10-year U.S. Treasuries, as the IMF cut its forecast for global economic growth. In other news, Nikki Haley announces that she would be resigning as the U.S. ambassador to the United Nations.

CNBC: “IMF cuts its global growth forecasts, citing trade tensions between the US and its trading partners”
CNBC: “Bond market signaling ‘sluggish or uncertain’ growth ahead, Fed’s Kaplan says”
CNBC: “Housing stocks fall into bear market as interest rates climb to multiyear highs”
Atlantic Council: “A New Chapter in Iraq?”
CNBC: “Nikki Haley will resign as Trump’s UN ambassador at the end of the year”
Spectator: “Is Nikki Haley jumping off a sinking ship?”

But Haley was most effusive in her praise for her soulmates Jared and Ivanka who form the anti-Bannonite resistance. ‘I can’t say enough good things about Jared and Ivanka. Jared is such a hidden genius that no one understands… We’re a better country because they’re in this administration.’ She ascribed the new trade deal with Canada and Mexico almost solely to Kushner’s negotiating prowess, something that would like come as news to Steve Mnuchin and Robert Lighthizer. She also seemed to believe that Jared is making great strides towards Middle East peace. If he is a genius, it is indeed well-concealed.

Politico: “Nikki Haley to resign as Trump’s U.N. ambassador“