Tuesday, March 2, 2021

Wednesday's News Links

[Yahoo/Bloomberg] Stocks Decline as Treasuries Extend Rout: Markets Wrap 

[Reuters] Oil up as OPEC+ considers rollover rather than raising output

[Reuters] Rocket leads mortgage sector surge in GameStop-style short squeeze

[Yahoo/Bloomberg] Cost of Treasuries-Led Rout Seen in Troubled Bond Sales Globally

[CNBC] Private payrolls growth well short of expectations for February, ADP says

[CNBC] Mortgage application demand stalls as interest rates surge to highest level since July

[Reuters] U.S. mortgage rates jump by most in nearly a year: MBA

[Reuters] Analysis: Fed may need more than words in next battle with markets

[Yahoo/Bloomberg] ECB Said to See No Need for Drastic Action to Rein In Yields

[Reuters] Breakingviews - Chancellor: A bear market in bonds is beckoning

[CNBC] Covid live updates: Health officials warn early easing of restrictions could lead to 4th Covid wave

[Yahoo/Bloomberg] Greensill’s Swift Fall Was Triggered by Insurer Who Balked

[Yahoo/Bloomberg] Texas Lifts Mask Mandate Despite Dire Warnings About Fourth Wave

[AP] US infrastructure gets C- from engineers as roads stagnate

[Reuters] Myanmar security forces shoot dead 13 anti-coup protesters despite calls for restraint

[Bloomberg] Policy Credibility Is Hard to Earn and Easy to Lose

[WSJ] Greensill Problems Build as Regulator Watches Over Banking Unit

[WSJ] How the Oil Market Bounced Back From a Year of Crisis

[FT] Treasury bond wobble heightens concerns over health of $21tn market

[FT] Property and the pandemic: the great reckoning that never seems to arrive

[FT] Strong T-cell response is good news for battle against Covid variants

Tuesday Evening Links

[Reuters] Asian shares nudge higher in defensive trade, dollar soft

[Reuters] Fed officials emphasize policy 'patience' as outlook improves

[Reuters] China's services sector grows at slowest rate in 10 months in Feb - Caixin PMI

[Reuters] Global manufacturing surge accelerates goods inflation: Kemp

[Yahoo/Bloomberg] A $21 Trillion Treasuries Mystery Is Bedeviling Global Markets

Tuesday Afternoon Links

[Yahoo/Bloomberg] Stocks Mixed as Treasuries Stabilize; Dollar Falls: Markets Wrap

[Reuters] Wall Street retreats after solid start to March

[AP] Senate Dems sorting final details of $1.9T virus relief bill

[Reuters] U.S. senators scurry to refine Biden's $1.9 trillion COVID-19 aid ahead of vote

[Reuters] U.S. House's Hoyer: House in near future to take up bill to raise minimum wage to $15

[Yahoo/Bloomberg] Brainard Sees It Being ‘Some Time’ Before Tapering Bond Buying

[Reuters] Brainard: Fed to stay 'patient' in face of 'strong' U.S. economic outlook

[Yahoo/Bloomberg] Gensler Says Scrutinizing Trading Apps Would Be Focus at SEC

[Reuters] How private equity squeezes cash from the dying U.S. coal industry

[CNN] Biden administration sanctions senior Russian officials over Navalny poisoning and imprisonment

[WSJ] China Banking Regulator Sees Risk From ‘Bubble’ in Real-Estate Prices

[WSJ] Covid-19 Variant in Brazil Overwhelms Local Hospitals, Hits Younger Patients

[FT] Gensler pledges market structure review after GameStop turmoil

[FT] Greensill and supply-chain finance: how a contentious funding tool works