Thursday, March 4, 2021

Friday's News Links

[Yahoo/Bloomberg] Stocks Fluctuate With Treasury Yields Near 1.6%: Markets Wrap

[Yahoo/Bloomberg] Global Credit Markets Stumble in One of This Year’s Worst Weeks

[Reuters] Oil hits almost 14-month high after OPEC+ extends output cuts

[Yahoo/Bloomberg] U.S. Job Growth Surges Past Estimates; Unemployment Dips to 6.2%

[CNBC] U.S. trade deficit widens as goods imports hit record high

[Reuters] Tantrums come and go, but the Fed insists it will stay the course

[Yahoo Finance] Investors are having a 'crisis of confidence' in the Fed

[Reuters] Debate to begin in U.S. Senate on Biden's $1.9 trillion COVID-19 relief bill

[CNBC] Big Tech critic Tim Wu joins Biden administration to work on competition policy

[Reuters] EV rollout will require huge investments in strained U.S. power grids

[Yahoo/Bloomberg] China’s Modest Growth Target Signals Policy Shift From World

[Yahoo/Bloomberg] China to Pour Money Into Chips, AI and 5G in Push to Catch U.S.

[Reuters] China sets modest GDP growth target as economy improves

[Yahoo/Bloomberg] Cracks Widen in Indian Credit After Issuers Pull Debt Sales

[Reuters] China says will deter Taiwan independence but seek peaceful ties

[Bloomberg] El-Erian: Powell Can Roil Markets Now With Just a Word

[NYT] Fed Chair Powell Offered a Patient Message. Markets Quivered Anyway.

[WSJ] Treasury Rout Pushes Bond Funds Into Riskier Assets

[FT] Fears rise among bond investors as Buffett warns on outlook

[FT] Companies rush to issue convertible debt at rock-bottom rates

Thursday Evening Links

[Reuters] Rising bond yields, dollar slug Asian shares, yen

[CNBC] Dow futures fall 200 points after a steep sell-off on Wall Street amid surging bond yields

[Yahoo/Bloomberg] Stocks Slump as Treasury Yields Top 1.5% on Powell: Markets Wrap

[Reuters] Wall Street slumps on Fed remarks, bond scare

[Reuters] Oil scales 1-year peak as OPEC+ rolls over output for April

[Yahoo/Bloomberg] Treasury Short Sellers Face Rising Costs to Borrow 10-Year Notes

[Reuters] Cost of borrowing U.S. Treasuries in repo market goes negative, indicating stress - analysts

[Reuters] U.S. 10-yr Treasury yield to hit 1.9% by year end -Goldman Sachs

[Reuters] U.S. debt burden to rise to 202% of GDP in 2051, CBO projects

[Bloomberg] Powell Sends Dovish Message That Leaves Bond Market Disappointed

[Bloomberg] Here’s What’s in the Senate’s $1.9 Trillion Stimulus Legislation

[WSJ] Powell Confirms Fed to Maintain Easy-Money Policies

Thursday Afternoon Links

[Yahoo/Bloomberg] S&P 500 Erases 2021 Rally as Bond Yields Top 1.5%: Markets Wrap

[CNBC] Dow falls 600 points after Powell inflation comments trigger yield jump, Nasdaq goes red on year

[Reuters] Oil jumps 5% as OPEC+ agrees output rollover for April

[Yahoo/Bloomberg] Powell Says ‘Disorderly’ Market Conditions Would Concern Him

[Reuters] Fed's Powell likely to restate "patient" approach in public appearance

[Yahoo/Bloomberg] Treasury Traders Look to Auction for Relief From Rush Into Repo

[Yahoo/Bloomberg] U.S. Mortgage Rates Rise Above 3% for First Time Since July

[Yahoo/Bloomberg] Bond Market Turns Attention to Risk of U.S. Yields Cracking 2%

[Yahoo/Bloomberg] SPAC Froth Turns on Itself With Stocks Plunging 20% in Two Weeks

[Yahoo/Bloomberg] Cathie Wood’s Flagship Ark Innovation ETF Erases All 2021 Gains

[FT] US government bond decline resumes after Fed’s Powell speaks

[FT] Sanjeev Gupta’s GFG Alliance stops payments to stricken Greensill

[FT] Greensill case shows risks of supply chain finance