Tuesday's News Links

[CNBC] S&P 500 falls for third day as chip stocks continue to decline, high yields threaten bull market: Live updates

[CNBC] 30-year Treasury yield tops 5.18%, reaching the highest level in nearly 19 years

[Yahoo/Bloomberg] Oil Declines After Trump Says He Called Off Strike on Iran

[Yahoo/Bloomberg] US Long Bond Yields Near Highest Level Since 2023

[Reuters] Mapping the Market: Benchmark Treasury yields look poised to rise further

[Yahoo/Bloomberg] Global Inflation Weighs on G-7 as Higher Bond Yields Persist

[Reuters] Iran says peace proposal includes reparations for war damage, US troop withdrawal

[AP] Trump’s tough-talk foreign policy is hitting a wall with Iran as it grips Strait of Hormuz

[Reuters] No deal, no exit: How US-Iran standoff risks fresh conflict

[Reuters] World awaits new Fed Chair's vision on independence

[The Hill] These are America’s most ‘overpriced’ housing markets

[Yahoo/Bloomberg] EU Races to Finalize US Trade Deal to Avoid More Trump Tariffs

[Yahoo/Bloomberg] Mamdani Meets Wall Street CEOs as Tax Pitch Roils City’s Wealthy

[Reuters] Xi to host 'old friend' Putin as China projects stable global role after Trump visit

[Reuters] Ukrainian mid-range strikes deal double blow to Russia's war effort

[Reuters] Exclusive: Russians covertly trained by China return to fight in Ukraine, sources say

[Reuters] Taiwan says China's military actions are greatest source of regional instability

[Bloomberg] US 30-Year Yield Hits Highest Since 2007 on Inflation Angst

[Bloomberg] New York and US Northeast Brace for Extreme Heat, Power Alert

[Bloomberg] Nagel Says ECB May ‘Have to Do Something’ as Iran Shock Persists

[Bloomberg] Global Bond Selloff Threatens Turmoil in Weakest Asian Economies

[Bloomberg] Jeff Currie Says AI Boom Sets Up Commodities for Decade-Long Run

[NYT] Top Treasury Lawyer Resigns After Creation of ‘Anti-Weaponization Fund’

[WSJ] See How the Global Government Debt Binge Is Rippling Through Markets

[WSJ] The American Rebellion Against AI Is Gaining Steam

[WSJ] Japan’s Economy Accelerated in First Quarter, Backing Case for Rate Hikes

[WSJ] Xi Jinping Is Now the World Leader He Wanted to Be, but It Has Come at a Cost

[WSJ] Russia’s War Is Going Badly—on the Ground and in the Air

[FT] Worries on gilts point to wider bond market vulnerabilities

[FT] The US is still being paid to borrow — but only just

[FT] Xi Jinping told Donald Trump that Putin might ‘regret’ invasion of Ukraine

Monday Evening Links

[CNBC] S&P 500 futures are flat after index posts back-to-back losses amid tech selloff: Live updates

[Yahoo/Bloomberg] Oil Declines After Trump Says He Called Off Strike on Iran

[Reuters] As bond yields surge, investors grow wary of a global spending crunch

[Axios] Trump says he's pausing plan to attack Iran

[Axios] Trump creates $1.8B "anti-weaponization" fund after dropping IRS suit

[Reuters] Australia's farmers, hit by Iran war costs and dry weather, grow less wheat

[Bloomberg] East Coast Power Prices Surge as Heat Spurs Emergency Grid Alert

[Bloomberg] Foreign Holdings of Treasuries Fell in March Amid Bill Sales

[Bloomberg] Japan’s Economy Grows Faster-Than-Expected, Backing BOJ Hike

[WSJ] See How Trump’s Accounts Were Busy Trading Big Tech Stocks

[WSJ] Justice Department Creates Unusual $1.8 Billion ‘Anti-Weaponization Fund’

[FT] Project Astra: the $420bn merger powering the US AI revolution

[FT] US drops criminal fraud charges against billionaire Gautam Adani

Monday Afternoon Links

[CNBC] Nasdaq drops for a second day as tech pullback picks up steam, Micron shares slide 7%: Live updates

[Yahoo/Bloomberg] Oil Rises on Doubts Over US, Iran Stance to End Conflict 

[Yahoo/Bloomberg] US Long Bond Yields Hover Near the Highest Levels Since 2023

[Yahoo/Bloomberg] Crop Futures Surge as US Signals $17 Billion in China Purchases

[Yahoo Finance] Bitcoin extends losses to the $76,000 level, hitting 2-week low

[Axios] Kevin Warsh's bond market bind

[Yahoo/Reuters] Warsh to be sworn in as Fed chair at White House on Friday

[Yahoo/Bloomberg] Iran Starts Bitcoin-Backed Ship Insurance for Hormuz Strait

[Yahoo/Bloomberg] US Homebuilder Sentiment Rebounds Despite Affordability Problems

[Yahoo/Bloomberg] DOJ Creates $1.8 Billion Fund Under Trump IRS Settlement Accord

[Yahoo/Bloomberg] Revolt Against Starmer Revives UK Debate Over Undoing Brexit