Tuesday, October 3, 2023

Wednesday's News Links

[Yahoo/Bloomberg] Global Rout Abates as Treasury Yields Stabilize: Markets Wrap

[Yahoo/Bloomberg] Bond Selloff Upends Markets as Long-Term Borrowing Costs Surge

[Reuters] World's biggest bond markets hit by relentless selling

[Yahoo/Bloomberg] Oil’s Slump Extends on Fragile Economic Outlook as OPEC+ Meets

[CNBC] Private payrolls rose 89,000 in September, much fewer than expected, ADP says

[Yahoo/Bloomberg] US 30-Year Mortgage Rate Tops 7.5% for First Time Since 2000

[CNBC] Something is breaking in financial markets — Here’s what’s behind the sell-off

[CNBC] Mortgage rate races toward 8% after hitting a high not seen since late 2000

[CNBC] Mortgage demand drops to the lowest level since 1996, as interest rates head toward 8%

[CNBC] More than 75,000 workers to strike at hundreds of Kaiser Permanente health facilities across U.S.

[Reuters] Developing countries facing a debt crunch

[Yahoo/Bloomberg] Emerging Market Bond Yields Are Sending a Worrying Signal

[Yahoo/Bloomberg] Japan Bond Slump Puts More Pressure on BOJ to Tweak Policy

[Reuters] Japan warns it will take 'appropriate' steps on excessive yen falls

[Yahoo/Bloomberg] Japan Keeps Yen Traders Guessing Over Whether It Intervened

[Reuters] Japan service activity growth slows down in September - PMI

[Yahoo/Bloomberg] Meloni Can’t Stop Unnerving Italy’s Bond Investors

[WSJ] Bond Selloff Threatens Hopes for Economy’s Soft Landing

[WSJ] Why 8% Mortgage Rates Aren’t Crazy

[WSJ] Homeowners Flock to Last-Resort Insurance Policies

[FT] Treasury yields hit new high as bonds extend losses

[FT] Bank of Japan buys $12.7bn of bonds as yields hit highest in a decade

Tuesday Evening Links

[Yahoo/Bloomberg] Wall Street Fear Gauges Ratchet Up After Jobs Data: Markets Wrap

[Reuters] S&P 500 ends at lowest since June 1 as data fuels rate worries

[Yahoo/Bloomberg] Bond Rout Deepens With No Peak in Sight for Unmoored Rates

[Reuters] Yen surges against dollar, leads some to suspect intervention

[Yahoo/Bloomberg] Credit Markets Wobble as Fed Speak, Data Fan Rate-Hike Angst

[Yahoo/Bloomberg] Panic Creeps Up as VIX Curves Invert for First Time Since March

[Politico] McCarthy ousted as speaker of the House

[Axios} McCarthy Ousted as Speaker

[Reuters] Kevin McCarthy ousted as House Speaker in historic vote

[Yahoo Finance] Two Fed officials warn rates to remain high for some time

[Reuters] Fed officials see high long rates as "complicated," but not yet a threat

[Reuters] DoubleLine's Gundlach says Fed's 'higher for longer' stance a problem

[AP] More evidence that the US job market remains hot after US job openings rise unexpectedly in August

[Reuters] US new vehicle sales jump in third quarter as UAW strike casts shadow

[Reuters] Treasury's Yellen says US overdependent on China for critical supply chains

[Yahoo Finance] Orange juice prices are soaring. Don’t expect relief anytime soon.

[WSJ] When Will the Fed Stop Raising Rates? That’s the Trillion-Dollar Question for Bond Investors

[FT] Bond sell-off intensifies as long-term US yields hit 16-year high

[FT] Estimating Chinese corruption

Tuesday Afternoon Links

[Reuters] Wall St dives as jobs data fans rate worries, Treasury yields spike

[Yahoo/Bloomberg] Treasuries Extend Selloff After Job Openings Unexpectedly Rise

[Yahoo/Bloomberg] Yen Surges From Weakest Level in a Year Amid Intervention Talk

[Yahoo/Bloomberg] Blue-Chip Bond Yields Hit Highest Since 2009 While Fed Teases Hike

[Reuters] Why a rout in government bonds is worrying

[Yahoo/Bloomberg] Bostic Says Fed Should Hold Rates High ‘For a Long Time’

[Yahoo/Bloomberg] Zero SPAC Offerings Since August With Market Gone Cold

[Reuters] Dalio says China-US relations are 'on the brink of red lines'