Thursday Evening Links

[Bloomberg] Greece Defers IMF Payment as Merkel Says Resolution Far Away

[Reuters] Greek PM Tsipras won't come to Brussels Friday, talks becoming difficult

[Bloomberg] Chinese Hackers Said to Steal Federal Personnel Data in Breach

[AP] US officials: Massive breach of federal personnel data

[Reuters] Wall St. drops as Greece worries linger; materials, energy fall

[Bloomberg] You Call This a Bond Rout? Wait Until the Real Selling Starts

[Reuters] Fed's Tarullo, BlackRock's Fink cite bond market liquidity concerns

[CNBC] Mortgage rates: 'Definitely in panic mode'

[BloombergView] Ukraine's War Is Back

[Washington Post] Quietly, al-Qaeda offshoots expand in Yemen and Syria

Thursday's News Links

[Reuters] U.S. productivity plunges in first-quarter; unit labor costs surge

[Bloomberg] Fed Urged by IMF to Postpone Rate Liftoff to First Half of 2016

[Bloomberg] Global Bond Slump Deepens as European Shares Slide, Ruble Drops

[Bloomberg] German Bonds Shown No Respite Extending Worst Euro-Era Decline

[Bloomberg] Bond Rout Wipes Out 2015 Gains as Traders Stay Glued to Screens

[Dow Jones] Bond-market Carnage Triggers Selloff In U.S. Stock Futures

[Breakingviews] For bonds, crowds are more dangerous than Draghi

[Reuters] Greek left vents fury at creditors as Tsipras nears deal

[Bloomberg] Greek Groundhog Day Continues With Talks Failing to Break Impasse

[Reuters] Creditors' offer prompts anger, dismay in Greece

[Bloomberg] Euro Extends Biggest Three-Day Rally Since 2009 on German Yields

[Bloomberg] China Stocks Close Higher After Margin Curbs Spark 5.4% Rout

[Bloomberg] China Said to Double Local Bond-Swap to Defuse Debt Bomb

[Bloomberg] China State Firm Seen Facing Debt Pressure as Bonds Due

[Bloomberg] Kuroda Ally at BOJ Says Excess Yen Strength Now Corrected

[NYT] Inequality Troubles Americans Across Party Lines, Times/CBS Poll Finds

[Bloomberg] The Cost of Oil’s Slump: Saudi Economy Shows Slowdown Signs

[Reuters] Ukraine's Poroshenko warns of Russian invasion threat after fighting surge

[Reuters] Ukraine says five servicemen killed in fighting, tensions still high

[Der Spiegel] Angels and Demons: Ukraine, One Year After Poroshenko