Wednesday's News Links

[Yahoo/Bloomberg] U.S. Stocks Slump as Treasury Yields Surge: Markets Wrap

[Reuters] Oil edges higher as surprise U.S. stock build weighs

[Reuters] China's yuan firms on dollar weakness after Powell testimony

[Yahoo/Bloomberg] Powell Goes Easy on Surging Yields While Central Bank Peers Fret

[Yahoo/Bloomberg] Quants Deepen Treasury Selloff That Shows No Sign of Stalling

[CNBC] Weekly mortgage application volume drops 11% as rates spike and Texas power outages hurt demand

[Yahoo/Bloomberg] Texans’ Frozen Pipes Are Warnings of Yet Another Climate Threat

[Reuters] Promise of cheap money keeps stocks buoyant

[Reuters] Ark adds $171 million Tesla shares as short bets on ETF soar

[Yahoo/Bloomberg] U.S. Freeze Chills Asian Plastic Makers as Feedstocks Soar

[Yahoo/Bloomberg] Bond-Market Revolt Endangers India’s Fragile Recovery

[Reuters] Kuroda says BOJ will seek ways to make ETF buying more effective

[Bloomberg] Vaccine Fears Are Crippling China’s Covid Fight

[Bloomberg] Brazil’s Bolsonaro Starts a Populist Death Spiral

[WSJ] Texas Electric Bills Were $28 Billion Higher Under Deregulation

[WSJ] Petrobras Weighs CEO Change as Brazilian President Turns Up Pressure

[FT] Bond investors suffer worst start to year since 2015

[FT] Car chip shortage shines light on fragility of US supply chain