Monday, March 13, 2023

Monday Evening Links

[Yahoo/Bloomberg] Bonds Rocket, Stocks Steady as Fed Rate Path Eyed: Markets Wrap

[CNBC] First Republic drops 60%, leads decline in bank stocks despite government’s backstop of SVB

[Yahoo/Bloomberg] Gold Surges as SVB Fallout Spurs Rush to the Haven Asset

[Reuters] As hawkish Fed pricing goes away, bullish dollar calls fade

[CNBC] Something broke, but the Fed is still expected to go through with rate hikes

[CNBC] Why regulators seized Signature Bank in third-biggest bank failure in U.S. history

[Yahoo/Bloomberg] Fed Opens Probe of SVB Oversight Amid Criticism After Collapse

[Yahoo/Bloomberg] Key Lender to Regional Banks Raises $88.7 Billion Via Bonds

[Reuters] U.S. Federal Home Loan Banks stock up on cash amid 'heightened demand'

[Yahoo/Bloomberg] Ukraine Latest: China’s Xi Plans Call With Zelenskiy; Grain Deal

[Reuters] Biden wants $886 billion defense budget with eyes on Ukraine and future wars

[Reuters] Eyeing China, Biden and allies unveil nuclear-powered submarine plan for Australia

[NYT] Federal Reserve’s Path Is Murkier After Bank Blowup

[WSJ] Banking Crisis Powers Historic Bond Rally

[WSJ] The Tide Goes Out, and Silicon Valley Bank Already Drowned

[WSJ] U.S. Bank Collapses Add to Pressure on Global Central Banks

[FT] US capitalism is ‘breaking down before our eyes’, says Ken Griffin

[FT] UK warns China poses ‘epoch defining challenge’ to world order

Monday Afternoon Links

[Yahoo/Bloomberg] Treasuries Surge, Stocks Up on Bets for Fed Pause: Markets Wrap

[Reuters] Wall Street mixed as investors weigh possible rate hike pause, bank contagion risks

[Reuters] First Republic dives as fresh financing fails to soothe deposit outflow fears

[Yahoo/Bloomberg] US Regional Banks Remain Under Pressure as First Republic Sinks

[Yahoo/Bloomberg] Oil Slides as US Bank Collapse Stokes Economic Uncertainty

[Yahoo/Bloomberg] Now That the Fed Broke Something, Traders Blow Up Rate-Hike Bets

[Yahoo/Bloomberg] Fed’s Battle Plan for Inflation Shredded by Financial Turmoil

[AP] Biden tells US to have confidence in banks after 2 collapse

[Reuters] Biden pledges 'whatever needed' for U.S. system as banks hit by SVB fallout

[Axios] Let the bailout debate begin

[Reuters] Factbox: Which companies are affected by SVB collapse?

[Yahoo/Bloomberg] Federal Home Loan Banks to Raise $64 Billion in Notes Offering

[Yahoo/Bloomberg] California's Tech-Fueled Economy in Trouble After First Republic, SVB Woes

[Bloomberg] ‘QE in Another Name’: New Bank Backstop Points to the End of Fed QT