Tuesday, November 9, 2021

Wednesday's News Links

[Yahoo/Bloomberg] U.S. Stocks Drop After Inflation Report: Markets Wrap

[CNBC] Treasury yields jump after inflation data comes in hotter than expected

[Yahoo/Bloomberg] U.S. Futures Extend Drop After Inflation Report: Markets Wrap

[Yahoo/Bloomberg] China Developers Jump on Possible Easing of Bond Issue Rules

[AP] US consumer prices soared 6.2% in past year, most since 1990

[CNBC] Consumer price index surges 6.2% in October, worse than expected and the highest since December 1990

[Yahoo Finance] Jobless claims set fresh pandemic-era low of 267,000 last week

[CNBC] Borrowers rush to refinance, as mortgage rates drop for a second week

[Reuters] Analysis: Flexible inflation targets a recipe for bond market turbulence

[CNBC] Home prices are now rising much faster than incomes, studies show

[Reuters] China's factory inflation hits 26-year high as power crunch bites

[Yahoo/Bloomberg] China’s Inflation Risks Build as Producers Pass on Higher Costs

[Yahoo/Bloomberg] Payment Deadline Looms; Junk Bonds Rally: Evergrande Update

[Reuters] Evergrande teeters on edge of default as $148 mln payment falls due

[Reuters] China real estate firms may issue inter-bank market debt - Securities Times

[Yahoo/Bloomberg] Merkel Advisers Demand ECB Exit Strategy as Inflation Risks Rise

[Reuters] German govt finances in critical state, federal audit office warns

[CNN] Americans have never been in so much debt

[AP] US food banks struggle to feed hungry amid surging prices

[AP] As many try living with virus, China keeps up zero tolerance

[Reuters] China holds combat readiness patrol as U.S. lawmakers visit Taiwan

[Reuters] China urges U.S. to stop official interaction with Taiwan

[Reuters] Russia sends bombers to fly over Belarus, blames EU for migrant catastrophe

[Bloomberg] Inflation in U.S. Builds With Biggest Gain in Prices Since 1990

[Bloomberg] Inflation Could Prove Difficult to Tame in Emerging Markets

[NYT] The Biggest Kink in America’s Supply Chain: Not Enough Truckers

[FT] China’s factory gate inflation soars to 26-year high on energy crunch

[FT] Oil price rise another reminder of Saudi Arabia’s lever over Biden

[FT] Liquidity drought in Treasury market accompanies unexpected rally

[FT] A warning from Chinese bonds

[FT] Element Capital hit with $1bn loss in bond market shake-up

Tuesday Evening Links

[Reuters] Wall Street losses end streak of record highs as inflation worry weighs on market

[Yahoo/Bloomberg] Bond Rally Drags 30-Year U.S. Yield to Lowest Level Since July

[Reuters] Fed doves look to midsummer for clarity on economy

[CNBC] Federal Reserve’s Bullard expects two rate hikes next year

[Reuters] Investors await Evergrande's overdue $148 million payment amid contagion fears

[Reuters] Japan manufacturers' mood falls to 7-month low in November - Reuters Tankan

[Bloomberg] U.S. Junk Bonds Set $432 Billion Record in Rush to Beat Rates

Tuesday Afternoon Links

[Yahoo/Bloomberg] U.S. Stocks Snap Winning Streak; Treasuries Jump: Markets Wrap

[Reuters] Chinese property bonds dive as contagion kicks in

[Yahoo/Bloomberg] Oil Jumps as Energy Report Dims Chances for Immediate Relief

[Reuters] Real yields tumble as traders eye inflation risk

[Reuters] Fed's Powell touts benefits of maximum employment

[Yahoo/Bloomberg] A Brainard Fed May Mean Lower for Longer: Wall Street Reacts

[Yahoo/Bloomberg] Worker Shortage Raises Flags for the Construction Industry

[Yahoo/Bloomberg] Snarled Supply Chain Is Making U.S. Warehouse Shortage Worse

[Yahoo/Bloomberg] U.S. Soybean Crop Is Smaller Than Expected, Sending Up Prices

[Reuters] Analysis: Corporate Mexico feels heat from global supply chain crunch