Sunday's News Links

[Yahoo/Bloomberg] Bonds Face a Bigger Threat Than the Fed as Global Rates Climb

[Yahoo/Reuters] With Fed mum on next move, investors look to earnings to keep stocks afloat

[Yahoo/Bloomberg] At AI-Fueled Market Party, Wall Street Eyes the Rates Punch Bowl

[Axios] Scoop: Inside Trump's secret backchannel to Iran's Revolutionary Guard

[AP] US pulls last aircraft carrier in Asia as Trump focuses on Iran and the Western Hemisphere

[AP] Ukraine launches one of its largest aerial attacks of the war, killing at least 6 people in Russia

[Politico] NATO fighter jet shoots down drone over Romania

[Bloomberg] Bond Traders Are Agonizing Over $70 Billion of Shadow Credit Backstops For AI Companies

[Bloomberg] Traders Get Pickier After Big Run in $886 Billion EM Debt Market

[NYT] As Iran War Turns Into Economic Battle, a New U.S. Strategy Recalls Old Ones

[NYT] As China Pushes to Expand in Asia, Trump Focuses on Iran

[NYT] With A.I. Riches at Stake, Pressures Mount to Share the Wealth

[WSJ] Central Banks Are Stuck in a Rinse-and-Repeat Cycle of Crises

[WSJ] The Risk-Amplifying Strategy That Led to Big Losses at Situational Awareness

[WSJ] Big Manufacturers Find New Demand in Equipping AI Data Centers

[WSJ] This Sprawling Chinese Refinery Is Bankrolling Tehran

[WSJ] The Colorado River Is Shrinking. See How Authorities Are Trying to Save It.

[FT] Big Tech’s data centre boom poised to drive up carbon emissions