Tuesday, March 30, 2021

Wednesday's News Links

[Yahoo/Bloomberg] Yields Gain as Traders Absorb Biden Spending Plan: Markets Wrap

[AP] Eager to build infrastructure, Biden plans to tax business

[Reuters] Factbox: What's in Biden's $2.3 trillion infrastructure plan?

[Reuters] Biden proposal: $174 billion for EVs, new funds for renewable power

[Reuters] U.S. private payrolls increase in March: ADP

[Politico] Biden to unveil $2 trillion, 8-year infrastructure plan

[Reuters] Fed's Barkin sees excess savings driving economy for years

[Reuters] China's March factory activity expands at faster pace - official PMI

[Reuters] Growth in China's services sector surges in March

[Reuters] Japan's factory output falls, hit by quake, chips shortage

[Yahoo/Bloomberg] SPAC Listings Slow to a Crawl With Bankers Buried in Paperwork

[Yahoo Finance] The US faces a 'real crisis' in affordable homes: economist

[CNBC] Covid in Brazil ‘completely out of control,’ says Sao Paulo-based reporter

[FT] Sanctions spat has forced EU to reassess its China strategy

[FT] China’s currency set for worst month since US trade war

[FT] Archegos makes it a trifecta of debacles for Credit Suisse

Tuesday Evening Links

[Yahoo/Bloomberg] Stocks Drop a Second Day With Spending in Focus: Markets Wrap 

[Reuters] Treasuries - Yields reverse rise going into quarter-end

[CNBC] Biden to lay out infrastructure plans as part of massive economic proposal

[Reuters] Analysis: Archegos meltdown set to intensify shadow banking regulatory scrutiny

[Yahoo Finance] Pressure mounts on financial regulators to address Archegos debacle

[WSJ] Brazil’s Military Chiefs Quit as Covid-19 Pandemic Pressures Government

Tuesday Afternoon Links

[Yahoo/Bloomberg] Stocks Fall as Biden Spending in Focus; Oil Drops: Markets Wrap

[Reuters] Wall Street drops as tech stocks hit by spike in yields

[Yahoo/Bloomberg] Oil Falls With Stronger Dollar Compounding Latest Virus Risks

[CNBC] Critics slam the Fed as home prices rise at a historic rate

[Reuters] U.S. consumer confidence hits one-year high; house prices soar

[CNBC] Elizabeth Warren unloads on Archegos meltdown: ‘All the makings of a dangerous situation’

[Yahoo/Bloomberg] Wells Fargo Unwinds Archegos Exposure Without Posting Losses

[Yahoo/Bloomberg] ‘The Sweet Spot Is Behind Us’: Bond Rout Hits Deals Around World

[Yahoo/Bloomberg] Quarles Says Fed Very Committed to Pushing Inflation Above 2%

[CNN] 76 all-cash offers on one home. The housing madness shows no signs of slowing

[Yahoo/Bloomberg] Cash-Flooded Muni Market Beats Treasuries by Most Since 2009

[Yahoo/Bloomberg] Cathie Wood’s Space ETF Sees Vigorous Trading on Its First Day

[Bloomberg] JPMorgan Says Banks’ Archegos Hit May Be Up to $10 Billion

[Bloomberg] Mortgage Rate Increase Hits Lenders as Refinancing Surge Fizzles

[WSJ] U.S. Home Prices Rise at Fastest Pace in 15 Years

[WSJ] Behind Biden’s Big Plans: Belief That Government Can Drive Growth

[FT] Prepare for emerging markets debt crisis, warns IMF head

[FT] Regulators examine banks’ actions during Archegos fire sale

[FT] Turkey’s lira drops after Erdogan replaces central bank deputy governor