Monday's News Links

[Bloomberg] Bonds Rise With Yen as Fed Hangs Over Markets; Commodities Drop

[Bloomberg] Yen Buoyed by Japan Trade Surplus as U.S. Opposes Intervention

[Bloomberg] Brazil’s Stocks Fall as Political Scandal Returns to Spotlight

[Bloomberg] Oil Extends Drop as Canada Seeks to Resume Production After Fire

[Bloomberg] Rupee Has Longest Losing Streak in Five Years as Stocks Retreat

[Bloomberg] Defaults Have Already Spread Outside Commodities

[CNBC] Companies 'drowning in debt' despite almost $2 trillion in cash

[FT] Triple-A quality fades as companies embrace debt

[Reuters] Tight U.S. labor market may put pressure on inflation: Fed's Bullard

[Bloomberg] China’s Cash-Strapped Local Governments Mull Ways to Boost Funds

[Reuters] Euro zone business growth slows, but not in Germany, France

[FT] Fledgling emerging market reprieve ends as Fed hawks take wing

[Bloomberg] Modi Euphoria Threatens to Turn Into Bond Ennui as Reforms Slow

[Reuters] Japan May factory activity shrinks most in over three years as orders slump: flash PMI

[Reuters] Japan April exports suffer biggest drop in three months, bode ill for growth

[FT] Disdain for Abe narrative at home and abroad

[WSJ] CLO Debt Market Peps Up

[Washington Post] Turkey threatens to suspend agreements with EU

[Washington Post] South China Sea Watch: China

Sunday Evening Links

[Bloomberg] Asian Stocks Swing After Four Weeks of Losses as Fed Rates Loom

[Bloomberg] Oil Extends Drop as Canada Seeks to Resume Production After Fire

[Bloomberg] Tsipras Survives Austerity Vote, Opening Path for Loan Payment

[FT/CNBC] US close to passing test for June rate rise, Fed official says

[FT] Liquid alternative mutual funds leave investors disappointed

[WSJ] The High Cost of Ultralow Interest Rates

[Bloomberg] Merkel on Mission to Rescue Turkey Deal as Erdogan Tightens Grip

[WSJ] China’s Taiwan Squeeze

Sunday's News Links

[Bloomberg] Abu Dhabi Stocks in Worst Run Since October as Gulf Markets Drop

[Bloomberg] G-7 Shows Gaps on Currency Tactics as Leaders’ Summit Looms

[Bloomberg] Lost Seals And Other Excuses Used By Defaulting Chinese Firms

[CNBC] BOJ Governor Kuroda says he has monetary policy levers still to pull to hit inflation target

[Bloomberg] Hedge Funds That Choked on Momentum Stocks Taking Another Bite

[FT] China steps up war on banks’ bad debt

[Bloomberg] Turkey Ruling Party Anoints New Premier to Tighten Erdogan Grip

[CNBC] China pressures Taiwan's President Tsai Ing-wen to acknowledge One China