Friday's News Links

[Bloomberg] Global Bonds Jump With Gold on Stimulus Bets as Stocks Advance

[Bloomberg] BOE Said to Plan Easing Banks’ Capital Demands After Vote

[Reuters] ECB not debating abandoning capital key in QE buys - sources

[Bloomberg] Hedge Funds Set for Worst First Half Since ’11 on Turmoil

[WSJ] Bond Insurers Prepare for the Worst in Puerto Rico

[Reuters] Lipper fund flows IG US$638.599m outflow; HY US$1.628bn outflow

[Bloomberg] A Week Later, Credit Investors Are Shrugging Off Brexit Anxiety

[Bloomberg] China’s Manufacturing Treads Water in June as Services Perk Up

[Bloomberg] China Bond Sales Tumble Most in Five Years as Defaults Surge

[Bloomberg] Japan’s Prices Keep Falling in Challenge to Abe, Kuroda

[Reuters] China June factory activity shrinks more than expected to four-month low: Caixin PMI

[WSJ] Deutsche Bank Shares Hit Over 30-Year Low After Fed, IMF Rebuke

[NYC, Stewart] After ‘Brexit,’ Finding a New London for the Financial World to Call Home

[Reuters] China celebrates Communist Party's 95th birthday, Xi warns on graft, security

Thursday Evening Links

[Bloomberg] U.S. Stocks Rise as Policy Makers Signal Steps to Counter Brexit

[Bloomberg] Carney Signals Rate Cuts as Brexit Chaos Engulfs Political Class

[Bloomberg] ECB Said to Weigh Looser QE Rules as Brexit Cuts Asset Pool

[Bloomberg] EU Approves $166 Billion Liquidity Guarantee for Italy Banks

[Bloomberg] Mexico Raises Key Rate to 4.25% After Brexit Pummels Currency

[Bloomberg] Global Bond Market Surges Most Since 2008 as Growth Outlook Dims

[Reuters] S&P cuts rating on EU to 'AA' after Brexit

[Bloomberg] Italian Bonds Jump With Spain’s on Prospect of Looser QE Rules

[Bloomberg] Puerto Rico Faces Record Default: A Look at the $2 Billion Due

[Bloomberg] Repo Rates Surge to Post-Crisis High as Bank Dealers Pare Back

[MarketWatch] This economist thinks China is headed for a 1929-style depression