Bonds in Trouble as $1 Trillion Liquidity Drains: Credit Weekly
Add central banks to the wall of worry for global credit markets.
Bloomberg Business
ECB’s Stournaras Says Rates Have Reached Close to Maximum
European Central Bank policymakers should be cautious and avoid making big or small moves in the next rate decisions, according to Governing Council member Yannis Stournaras.
Argentina Brokerage Apologizes After Spreading Devaluation Rumor
Argentine brokerage Max Capital Valores said it “deeply regretted” spreading misinformation over a currency devaluation of the nation’s official exchange rate.
Morgan Stanley’s Seth Carpenter Makes the Case for Soft Landing
A hard landing has become the base case for many more economists as the year has unfurled — and especially following last month’s banking-sector turmoil. But Morgan Stanley’s Seth Carpenter says there are still signs a soft landing can be achieved.
At Least Nine Lawmakers Sold Bank Stocks During Turmoil, FT Says
At least nine members of Congress sold banking stocks before and during the market turmoil in March, the Financial Times reported.
Chief Justice Hasn’t Responded to Testimony Invite, Durbin Says
A request by Senate Democrats that Chief Justice John Roberts investigate possible ethics violations by Justice Clarence Thomas has instead been referred to a judicial panel, prompting a renewed request for Roberts to testify on the matter.
UK Business Lobby Suspends Activities After Rape Claims
The UK’s main business lobby group suspended large parts of its operations after dozens of major companies resigned from the organization following new allegations of sexual assault among its staff.
Russia Expected to Expel About One-Third of German Diplomats
Russia will cut staff limits for German diplomatic missions and expel about one-third of Berlin’s diplomats currently working in the country, the foreign ministry in Moscow said.
Ukraine Latest: Russia Ousting German Diplomats in Tit-for-Tat
General Mark Milley, America’s top uniformed military officer, says there’s “no silver bullet” the US and its allies can give to Ukraine to ensure it defeats Russia. Milley spoke Friday alongside US defense chief Lloyd Austin, who said Ukraine’s most pressing need is for ground-based air defenses. The pair held a meeting of military donors to Ukraine at Ramstein Air Base in Germany.
Foreigners Stuck in Sudan Fight to be Evacuated, Army Says
Sudan’s army said it will facilitate the evacuation of foreigners trapped in the country since an internal conflict erupted last weekend but diplomats played down suggestions that departures were imminent.
