Inflation-Protected Bond Bulls’ Pain Thresholds Get Tested
A scrapped bullish wager on five-year Treasury inflation-protected securities offers a poignant example of how pain thresholds are being tested in government bond markets globally.
Bloomberg Business
Ralph Lauren CEO Louvet Targets Young Shoppers in the Metaverse
Five minutes with Patrice Louvet on what people are wearing to the office, how not to use influencers and why the company is investing in the metaverse.
US Mortgage Rates Jump to 7.09%, Highest Since 2002
US mortgage rates jumped to the highest level in more than 20 years.
Hawaiian Electric Muni Debt Risks Junk Cut, Barclays Says
A unit of Hawaiian Electric Industries that is under scrutiny for its possible role in the deadly Maui wildfires could end up seeing its municipal bonds slashed to high-yield from investment-grade, according to Barclays Plc muni and ESG strategists.
Deerfield Academy Is Raising $89 Million to Build a Dining Hall
An elite Massachusetts prep school is tapping the municipal bond market next week in order to renovate its dining hall.
Biden’s Top Lawyer to Depart White House as Probes Ramp Up
Joe Biden’s top White House lawyer is preparing to depart his role, shaking up the counsel’s office as probes into the president’s handling of classified documents and his son’s business dealings are intensifying.
South Africa Sees Deal With China to Secure Solar Components
South Africa’s electricity minister said he expects to seal a deal with the Chinese government next week that will help solar-power installers in the African nation secure access to panels for projects needed to tackle its energy crisis.
How Biden Impeachment Talk Is Dividing Republicans With Eye on 2024 Races
Congressional Republicans are divided over whether the House should embark on an impeachment inquiry involving President Joe Biden while polls show voters are more concerned about the economy.
The World’s Most Famous Dogs This Week All Belong to Javier Milei
Almost nothing is taboo for Javier Milei: Ask him about Argentina’s central bank, and he’ll say it’s “the worst garbage that exists on this Earth.” China? It’s an “assassin.” The sale of guns and organs? They should be legalized.
UK’s Benchmark Bond Yield Hits 2008 High in Global Debt Selloff
UK government bonds slid to send benchmark yields to the highest since 2008, on concerns major central banks will continue to raise interest rates to quell inflation.
