Tuesday, May 20, 2025

Wednesday's News Links

[CNBC] Stocks drop as bond rates move higher: Live updates

[CNBC] 30-year Treasury yield tops 5%, 10-year hits 4.5% on deficit concerns

[Yahoo/Bloomberg] Dollar Hits One-Month Low as G-7 Sparks Fresh FX Policy Watch

[Yahoo/Bloomberg] Oil Climbs on Report That Israel Is Preparing to Strike Iran

[AP] House GOP grinding ahead with Trump’s big tax cuts bill, but new report says it will add to deficit

[Axios] Trump's $4 trillion deficit bomb

[Yahoo Finance] GOP appears set to unveil a more generous SALT break in Trump’s 'big beautiful bill' as vote nears

[Yahoo/Bloomberg] Trump Loses Patience With SALT Demand as Tax Bill Faces Snag

[CNBC] Mortgage demand drops after interest rates jump to the highest level since February

[Yahoo/Bloomberg] US mortgage rates rise to three-month high, slowing home demand

[Yahoo/Reuters] China warns of legal consequences to those involved in US chip measures

[Yahoo/Bloomberg] Mnuchin Flags US Budget Deficit as Bigger Worry Than Trade Gap

[AP] UK inflation rises to its highest level since January 2024 after domestic bills spike

[AP] Iran insists it will never stop enriching uranium as US says it must if a new deal is to be reached

[Bloomberg] Fed’s Daly, Hammack Stress Wait-And-See Policy Approach

[Bloomberg] Dudley: The Fed Should Prepare Markets for the Unexpected

[Bloomberg] US-China Tensions Over Chips Risk Hurting Trade Truce, Dialogue

[Bloomberg] Goldman Says Hedge Funds Cut Magnificent Seven, Bought China Stocks

[Bloomberg] Tariffs Threaten Double Blow to Small US Banks

[Bloomberg] Taiwan’s Central Bank Says It Let Currency Soar to Reset Market

[Bloomberg] Private Equity Is Troubled, $1 Trillion Kuwait Fund’s Boss Warns

[Bloomberg] Sputtering Iran-US Talks Revive Specter of Israeli Solo Strike

[Bloomberg] Global Forest Loss Tops Record as Wildfires Drive Destruction

[NYT] Why the ‘Big, Beautiful’ Tax Bill Is Worrying Bond Investors

[WSJ] Trump Warns GOP Dissenters to Drop Objections on SALT, Medicaid

[WSJ] Trump’s Economic Agenda Hinges on Tax Bill That Divides His Own Party

[FT] Tariff wars ignore the win-win from comparative advantage in trade

[FT] Corporate Japan warns of $28bn blow from US tariffs

[FT] US life insurers’ offshore reinsurance liabilities breach $1tn