Wednesday, February 24, 2021

Thursday's News Links

[Yahoo/Bloomberg] Bonds Drop With Stocks on Inflation Worries: Markets Wrap

[Reuters] Stocks rise, bond yields too - despite central banker talk-down efforts

[CNBC] GameStop shares surge in premarket as Reddit favorites rally again

[Reuters] Oil hovers near 13-month highs as storm hits U.S. output, Fed assures rates staying low

[Reuters] U.S. weekly jobless claims fall more than expected

[AP] Orders for U.S. durable goods climb 3.4% in January

[AP] GOP rallies solidly against Democrats’ virus relief package

[Reuters] Biden to press for $37 billion to boost chip manufacturing amid shortfall 

[Reuters] U.S. business group, officials push for swift action on infrastructure

[Yahoo/Bloomberg] U.S. Companies Start to Flex Pricing Power in First Test for Fed

[Yahoo/Bloomberg] Government Borrowing Jumps by Most on Record in Covid Pandemic

[Yahoo/Bloomberg] Soaring U.S. Yields Send Risk Assets Warning as Real Rates Rise

[Yahoo/Bloomberg] Convexity Hedging Haunts Markets Already Reeling From Bond Rout

[Yahoo/Bloomberg] Global Bond Rout Puts Australia’s Central Bank on Frontline

[Reuters] Euro zone corporate lending growth slows as monthly flows dry up

[CNBC] Charlie Munger says novice investors are getting lured into a bubble in ‘dirty way’ by Robinhood

[CNBC] The wealthy are borrowing billions against their art collections and lenders are reselling the debt

[Reuters] China says U.S. undermining stability after U.S. warship sails through Taiwan Strait

[CNBC] Covid variants could ‘undermine all of our efforts’ if virus spreads globally, CDC director says

[Bloomberg] Dudley: The Fed May Need to Head Off a Money-Market Mess

[Bloomberg] Italy, Greece Caught in Bond Rout Pose ECB With Another Headache

[WSJ] Rich Countries Borrowed $18 Trillion in 2020. Few Seem Worried About Them Paying It Off.

[WSJ] Red-Hot Stock Market Pushes More Companies to Go Public

[FT] Inflation fears rattle global bond markets

[FT] Powell pulls his punches on benefits of more fiscal stimulus

[FT] Why global Covid infections have plummeted