Daily News Links

8592 posts

Thursday, December 17, 2015

Evening

• Era of Easy Money Lives on in World Economy Even After Fed Shift
  Bloomberg
• This Junk Bond Derivative Index Is Saying Something Scary About Defaults
  Bloomberg
• Brazil judge drops objection to Rousseff impeachment proceedings
  Reuters
• Asia Won't Have a Yuan Anchor This Time, Unlike 1990s Crisis
  Bloomberg

General

• Fed-Induced Dollar Rally Sinks Commodities as U.S. Stocks Drop
  Bloomberg
• Peso Slumps 29% as Macri Propels Argentina Into New Currency Era
  Bloomberg
• Thanks to Macri, Brazil's Real No Longer Worst Emerging Currency
  Bloomberg
• Fed Struck by Boomerang Effect as Rate Move Boosts Long Bonds
  Bloomberg
• Another 10 percent China FX slump could send markets spinning
  Reuters
• China Ghost Town Developer to Avert Default as Xi Prevents Risks
  Bloomberg
• Governor of Puerto Rico Warns of Looming Default Without Bankruptcy Plan
  NYT
• There's Twice as Much Gas in Texas's Barnett Shale Than Thought
  Bloomberg
• Average Manhattan apartment now costs over $1 million: report
  AFP
• A Missed Opportunity of Ultra-Cheap Money
  NYT, Eavis
• Discovering the destructive force of excess capital
  FT
• China Summons U.S. Diplomat Over U.S Weapons Sale to Taiwan
  Bloomberg
• Corruption Claims Roil Spain Election as Barcenas Promises Proof
  Bloomberg

Wednesday, December 16, 2015

Evening

• Fed Poised to Mark the End of an Era
  WSJ, Hilsenrath
• Ghost of September's Delay Haunts the Fed on Eve of Liftoff Decision
  Bloomberg
• Foreigners Sold U.S. Treasuries at Record Pace in October
  Bloomberg
• Yields on junkiest US bonds breach 18%
  FT

General

• Fed Ends Zero-Rate Era; Signals 4 Quarter-Point Increases in 2016
  Bloomberg
• Oil nears 11-year low on big U.S. supply build; Fed awaited
  Reuters
• Brazil's Real Plunges Ahead of New Fiscal Target Announcement
  Bloomberg
• Brazilian Stocks Decline Most in World on Credit Downgrade Fears
  Bloomberg
• Brazil Cut to Junk by Fitch With Negative Outlook on Rating
  Bloomberg
• Fed readies first hike in almost a decade amid calm markets
  Reuters
• Here's What 7 Years at Zero Rates Have Looked Like
  Bloomberg
• Fed has new tools to jig rates after first hike in nine years
  Reuters
• $100 Billion Evaporates as World's Worst Oil Major Plunges 90%
  Bloomberg
• China slowdown sinks Asia sentiment to four-year low: Thomson Reuters/INSEAD
  Reuters
• PBOC Helps Make China Junk Bonds More Resilient Than U.S. Peers
  Bloomberg
• Battered, Apologetic and Still Pitching Their Hedge Funds
  NYT

Tuesday, December 15, 2015

Evening

• Junk-Bond Selloff Intensifies
  WSJ
• Third Avenue Sought Internal Loan Approval Before Fund Shut
  Bloomberg
• High-Yield Risks Shed Doubts on Strength of U.S. Economy
  NYT
• With Fed Set to Lift Interest Rates, the Little Guy Feels Anxious
  NYT
• Muni Bonds Backed by Junk Companies Feel Pain of High-Yield Rout
  Bloomberg
• Why China Is Loosening the Yuan’s Ties to the Dollar
  WSJ
• Bill Gross: High-yield pain is start of something
  CNBC
• More than half of millennials have less than $1,000
  MarketWatch

General

• Fed's Historic Liftoff and Everything After: Decision Day Guide
  Bloomberg
• Stocks Climb as Credit Markets Rally With Brent; Gas Declines
  Bloomberg
• Third Avenue, Stone Lion Capital Spark Memories of ’08: Analysis
  Bloomberg
• Yuan Declines for Eighth Day in Longest Losing Streak Since June
  Bloomberg
• Billionaire Lasry backs junk bond fund hit with heavy redemptions
  Reuters
• All Monetary Policy Is Global as Foreign Inflation Tests Yellen
  Bloomberg
• Brazilian police raid homes of parliament speaker Cunha, tourism minister
  Reuters
• Magnum Hunter Files for Bankruptcy as Gas Hits 14-Year Lows
  Bloomberg
• Creditors Bawl: How Investors Ignored Risk of Junk-Bond Rout
  Bloomberg
• China ready to moderate sharp offshore yuan falls: sources
  Reuters
• Shipping Index Plunges to Fresh Record Amid China Steel Slump
  Bloomberg
• 'Chinese Shock' Would Suppress Global Rates, Trade, Fitch Says
  Bloomberg
• Fed Dread Turns Mexico Into ‘Whipping Boy’ as ETF Outflows Surge
  Bloomberg
• The Fed at the Brink
  WSJ
• Imagine a World Where Black Swans Really Do Come True in 2016
  Bloomberg
• Turkey says to take fight to Kurdish militants as violence flares
  Reuters
• U.S. Navy commander warns of possible South China Sea arms race
  Reuters

Monday, December 14, 2015

General

• Junk-Bond Funds Extend Losses as Lucidus Liquidates Holdings
  Bloomberg
• Lucidus Has Liquidated $900 Million Credit Funds, Plans to Shut
  Bloomberg
• Crude Falls Below $35 per Barrel in New York for First Time Since 2009
  Bloomberg
• U.S. Gas Slumps to 10-Year Low as Forecasts Keep Getting Warmer
  Bloomberg
• Third Avenue Ripples Hit Credit in Europe as Bond Risk Rises
  Bloomberg
• Brazil's Real Declines as Economists Reduce 2016 GDP Forecast
  Bloomberg
• Five Mind-Blowing Stats from the Selloff in the Biggest Junk Bond ETF
  Bloomberg
• European Stocks Resume Decline as Miners Deepen Drop Before Fed
  Bloomberg
• Emerging Stocks Slump to Six-Year Low Before Fed as Yuan Weakens
  Bloomberg
• China’s Pledge to Divorce Yuan from Dollar Faces Fed Test
  WSJ
• The Mystery of Missing Inflation Weighs on Fed Rate Move
  WSJ
• Junk Bonds Stagger as Funds Flee
  WSJ
• Wells Fargo warns of ‘stresses’ in its energy portfolio
  FT
• China Fiscal Spending Soars at Twice Gain Seen in Revenue
  Bloomberg
• China's New Yuan Index: Here's What the Market Needs to Know
  Bloomberg
• Liquidity Cracks Grow in $400 Billion Danish Covered Bond Market
  Bloomberg
• Dubai Developers `Strangle' Supply to Stem Price Drop, CBRE Says
  Bloomberg
• European integration going into reverse, warns Standard & Poor's
  Reuters
• Turkey says its patience with Russia 'has a limit': newspaper
  Reuters

Sunday, December 13, 2015

General

• Dubai stocks dragged down with Brent oil at lowest since 2004
  National
• ‘The Fed Awakens’ expected this week amid volatility spike
  MarketWatch
• Junk-Bond Fund’s Demise Highlights SEC Mutual-Fund Worries
  WSJ
• Ahead of the Fed: Tectonic Shifts in Bonds, Oil and the Dollar
  WSJ
• Unicorns suddenly looking a lot less enchanting
  CNBC
• Brazilians take to streets to demand Rousseff's impeachment
  Reuters
• Le Pen's National Front Shut Out of French Regional Governments
  Bloomberg
• Abe and Modi Strengthen Ties to Counter China's Rise
  Bloomberg
• Russia warns Turkey over Aegean warship incident
  Reuters
• French far right faces test in regional election runoff
  AP

Evening

• Offshore Yuan Falls for Sixth Day as New Index Signals Weakness
  Bloomberg
• Asian Stocks Join Global Selloff as Commodity Producers Retreat
  Bloomberg
• Shanghai Composite Index Drops as Offshore Yuan Weakens
  Bloomberg
• Oil Holds Losses Near 7-Year Low as OPEC Seen Fueling Oversupply
  Bloomberg
• Investors See More Carnage as Third Avenue Spurs Contagion Risk
  Bloomberg
• Fed Officials Worry Interest Rates Will Go Up, Only to Come Back Down
  WSJ, Hilsenrath
• Third Avenue CEO Barse Departs
  WSJ
• Citic Short-Selling Offer to Hedge Funds Led Police to Its Door
  Bloomberg
• China edges towards a new exchange rate policy
  FT
• China's Headhunters Are Desperately Seeking Credit Analysts
  Bloomberg
• Nine Lessons From Third Avenue's Liquidation
  Bloomberg, El-Erian
• Merkel wants to 'drastically reduce' refugee arrivals in Germany
  Reuters
• Russia and Turkey in new confrontation
  FT

Saturday, December 12, 2015

General

• China Factory Output, Retail Sales Gain as Demand Stabilizes
  Bloomberg
• Fannie and Freddie’s Government Rescue Has Come With Claws
  NYT, Morgenson
• China November commodities output weak as refinery runs hit record
  Reuters
• Thousands of Iraqis in Baghdad, Basra protest Turkish deployment in north
  Reuters
• China navy carries out more drills in disputed South China Sea
  Bloomberg

Friday, December 11, 2015

General

• Junk-Bond Fear Gauge Nears 3-Year High After Third Avenue Freeze
  Bloomberg
• Third Avenue Redemption Freeze Sends Chill Through Credit Market
  Bloomberg
• Offshore Yuan Weakens as China Unveils Multi-Currency Index
  Bloomberg
• China’s Central Bank Signals Intention to Loosen Yuan’s Peg to Dollar
  WSJ
• Oil Falls to Lowest Since 2008 as OPEC Seen Fueling Supply Glut
  Bloomberg
• U.S. Stocks Fall Amid Crude Oil Drop as Fed Policy Meeting Looms
  Bloomberg
• Third Avenue to liquidate junk bond fund that bet big on illiquid assets
  Reuters
• No cheer as China yuan hits four-and-a-half-year low, oil at seven-year low
  Reuters
• Brazil Real Falls as Ministers' Dispute Fuels Political Tension
  Bloomberg
• Mexican Central Bank Sells $400 Million as Peso Hits Record Low
  Bloomberg
• Commodity Exporters' Currencies Slump as Rout in Oil Deepens
  Bloomberg
• Lira Falls Most After Rand as Zuma Shakeup Roils Emerging Assets
  Bloomberg
• Abengoa Default Swaps Triggered by Failure-to-Pay Credit Event
  Bloomberg
• Building a Better Credit Hedge Is Proving Much Harder Than Expected
  Bloomberg
• Aircraft orders slow as cycle peaks; potential for production impact seen
  Reuters
• China's November lending beats expectations, led by new loans and bonds
  Reuters
• Fosun looks badly exposed as boss goes AWOL
  Reuters
• Disappearances in China Highlight Ruling Party Detention System
  Bloomberg
• South Africa Faces Watershed as Investors Despair of Zuma
  Bloomberg
• Putin Tells Defense Chiefs to Strengthen Russian Nuclear Forces
  Bloomberg
• Ukraine lawmaker manhandles PM Yatseniuk in rowdy parliament scenes
  Reuters
• Turkey says to 'reorganize' military personnel in Iraqi camp
  Reuters

Evening

• Stocks Tumble in Worst Week Since August as Fed Anxiety Spreads
  Bloomberg
• U.S. Stocks Sink as Oil Rout Deepens With Emerging-Asset Selloff
  Bloomberg
• Colombian Currency Weakens to Record as Oil Bearishness Grows
  Bloomberg
• Junk-Bond Rout Deepens
  WSJ
• Now, Stone Lion Capital suspends redemptions as junk-bond market fears accelerate
  MarketWatch
• Why Third Avenue move unnerved markets
  FT
• Stone Lion halts redemptions from $400m credit fund
  FT
• LionEye Shuts Hedge Fund Amid Losing Year for Event Strategies
  Bloomberg
• Why China may want its yuan to be more like the Singapore dollar
  MarketWatch
• Rift Emerges Between Rich Nations, Others at Climate Talks
  AP