TMTB Morning Wrap

Good afternoon. Slow Friday in August as QQQs +13bps ended the strongest week in the year. BTC +4%; China +2%; yields slightly down. VitalKnowledge recaps: “Treasuries saw gains on Friday, w/yields finishing the day down 2-4bp. Fed expectations didn’t move much – the market is pricing in 32bp worth of cuts for the 9/18 meeting and 95bp for the year…Sto…