Wednesday, March 27, 2019

Wednesday Evening Links

[Reuters] Wall Street bogged down by growth worries, falling yields

[CNBC] US 10-year Treasury yield touches new 14-month low as yield curve continues to flatten

[Reuters] U.S. current account deficit hits 10-year high; firms bring back more foreign profits

[BBC] Brexit: Theresa May vows to stand down if deal is passed

[Reuters] Fed's George says wait-and-see approach needed for policy

[CNBC] Homebuyers face far fewer bidding wars as the housing market cools off

[Bloomberg] Investors Scramble for Liras as Turkish Swap Rates Touch 1,000%

[Bloomberg] It’s Erdogan Against the Markets After JPMorgan Watershed

[Bloomberg] German Bund Yields Drop Below Japan for First Time Since 2016

[Bloomberg] Villeroy Says ECB Is Ready If the Euro-Area Downturn Worsens

[Reuters] Trump tells Russia to get its troops out of Venezuela

[WSJ] Fed Officials Push Back on Market’s Rate-Cut Belief

[WSJ] Ten-Year Yield Drops Below 2.4%, Hitting Fresh Lows

[WSJ] Turkish Markets in Turmoil as Key Elections Loom

[FT] A leveraged loan bust will hurt less than subprime mortgages

[FT] Investors in EM currencies walk a tightrope between risk and return

Wednesday's News Links

[Reuters] Wall Street flat as global growth fears persist

[Ahval] Turkish lira swap rates jump to 600 percent

[Reuters] U.S. trade deficit narrows sharply as exports rebound

[Reuters] Trump Fed nominee Moore says central bank should cut rates: NYT

[Bloomberg] Here's Why U.S. Bond Yields Plunged So Much Over the Past Week

[Bloomberg] China’s First Quarter Recovery Is Unmistakable, Beige Book Says

[Reuters] China's industrial profits shrink most since late 2011

[Bloomberg] A $17 Billion Funding Hole Looms for Developer Evergrande

[Bloomberg] New Zealand Joins Dovish Shift as Governor Puts Rate Cut in Play

[AP] European Central Bank ready to act if trouble hits economy

[Reuters] ECB can delay rate hike again, mitigate negative rates if needed: Draghi

[Bloomberg] After Only 86 Days, Brazil's Bolsonaro Is Already in Trouble

[WSJ] Tax Changes Hit Overseas Profits of Some U.S. Companies

[WSJ] ECB’s Draghi Hints at Drawbacks of Negative Rates

[WSJ] A Decade After the Housing Bust, the Exurbs Are Back

[WSJ] Cash-Strapped Illinois, Chicago Seek Billions From Investors

[WSJ] More Than a Third of China Is Now Invested in One Giant Mutual Fund

[FT] Crackdown on short selling roils Turkish money markets

[FT] US mortgage refinancing rush sends Treasuries higher

[FT] Wall Street readies for IPO boom as ‘unicorns’ stampede to market

[FT] The path to reform looks as rocky as ever for emerging economies

[FT] Germany sells Bunds at negative yield for first time since 2016