Wednesday, September 27, 2023

Thursday's News Links

[Yahoo/Bloomberg] Bonds Extend Losses as Rate Angst Sours September: Markets Wrap

[Yahoo/Bloomberg] Oil Touches $95 With Shrinking Inventories Fanning Fresh Rally

[Reuters] Evergrande shares halted as concerns mount about developer's prospect

[Reuters] US Senate, House hold procedural votes as partial government shutdown looms

[Yahoo/Bloomberg] A Last-Minute Deal Averting Government Shutdown Is Unlikely

[AP] Slightly fewer number of Americans apply for jobless benefits as layoffs remain rare

[AP] US government estimates last quarter’s economic growth was 2.1%, unchanged from previous estimate

[Yahoo/Bloomberg] Dollar Surge Is Bringing ‘Pseudo Tightening’ to Southeast Asia

[Yahoo/Bloomberg] Souring Global Office Bets Raise Risk of Korean Liquidity Crunch

[AP] Food prices are rising as countries limit exports. Blame climate change, El Nino and Russia’s war

[MSN/WP] One of the most intense El Niños ever observed could be forming

[Bloomberg] China’s Golden Week May Spur Volatility for Yuan at ‘Red Line’

[NYT] New Trouble Roils China Evergrande, Fueling Real Estate Crisis Fears

[WSJ] Oil Prices Are Rising. Shale Isn’t Coming to the Rescue.

[WSJ] Companies Find a Fundraising Sweet Spot With Convertible Bonds

[FT] Eurozone bond market hit by Italy’s plans for higher borrowing

[FT] Italy’s fiscal deficit predicted to hit 5.3% of GDP this year

[FT] China’s top developers lost close to $3bn due to weakened renminbi

[FT] China picks former governor for finance ministry as Xi shake-up continues


Wednesday Afternoon Links

[Yahoo/Bloomberg] Stocks Pare Losses as Oil Blows Past $94 a Barrel: Markets Wrap

[CNBC] 10-year Treasury yield reaches level not seen in more than 15 years

[Yahoo Finance] Oil jumps to 2023 highs amid low tank levels at US storage hub

[Yahoo/Bloomberg] Average Payments for New Home Loans Rose 46% in 2022, CFPB Finds

[Yahoo/Bloomberg] JPMorgan ‘Options Whale’ Worries Resurface as Stocks Extend Drop

[FT] My experience with LTCM points to a key lesson for investors