Good morning. Risk off did lead to flows into bonds, but it did not help US yields

http://www.businessinsider.com/bank-of-america-market-shift-threatening-favorite-investor-strategy-2018-4

This is getting more traction these days: the financial problems of US states

https://www.economist.com/blogs/graphicdetail/2018/04/daily-chart-3

Here is another one on that subject

https://www.wsj.com/articles/why-are-states-so-strapped-for-cash-there-are-two-big-reasons-1522255521

The Belt and Road thingie

http://ritholtz.com/2018/04/chinas-belt-road-global-infrastructure-plan/

The US schedule for the week to come

http://www.calculatedriskblog.com/2018/04/schedule-for-week-of-apr-8-2018.html

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