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Source: 24/7 Wall Street News Agency
6 days ago
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Saudi Arabia Canceled Europe's Oil Cargoes, WTI Hit $103, and Treasury Yields Reached 5%. Here's Why Bitcoin Fell With Bonds

Saudi Arabia Canceled Europe's Oil Cargoes, WTI Hit $103, and Treasury Yields Reached 5%. Here's Why Bitcoin Fell With Bonds

Bitcoin (CRYPTO: BTC) trades near $75,000, down roughly 4% over the past 24 hours. The coin's session low came as WTI crude jumped to $103.60 and the 10-year Treasury yield hit 5%, its highest level since 2007.

Source: 24/7 Wall Street
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Source: Bloomberg Markets and Finance News Agency
6 days ago
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Warsh Faces Markets and Trump

Warsh Faces Markets and Trump

On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz preview the Federal Reserve's rate decision. On today's show, Stonecourt Capital Partner Rick Davis, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Unleash Prosperity Co-Founder Stephen Moore.

Source: Bloomberg Markets and Finance
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Source: Bloomberg Markets and Finance News Agency
6 days ago
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JPMorgan's Michele on Bonds: 'The Dominoes Are Starting to Fall'

JPMorgan's Michele on Bonds: 'The Dominoes Are Starting to Fall'

Bob Michele, JPMorgan Asset Management's global head of fixed income, says the bond market has reached a point of "maximum pain" on "Bloomberg Surveillance: The Fed Decides." -------- More on Bloomberg Television and Markets Like this video?

Source: Bloomberg Markets and Finance
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Source: Seeking Alpha News Agency
6 days ago
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Yen Carry Unwind Could Blow Up The Long End

Yen Carry Unwind Could Blow Up The Long End

I'm not convinced the July 31 U.S.-Japan intervention to strengthen the yen is necessarily positive for U.S. long-end Treasuries. Yes, Japan is the largest foreign holder of U.S. Treasuries, so supporting the yen may reduce the need for Japan to sell some of those holdings to buy the yen.

Source: Seeking Alpha
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Source: Bloomberg Markets and Finance News Agency
6 days ago
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Fed Chairman Warsh Calls Rate Hike a 'Sober' Decision

Fed Chairman Warsh Calls Rate Hike a 'Sober' Decision

"The decision we made today was a sober decision, serious decision, responsible decision, one that we have been preparing for and thinking about in my hundred and ten or twenty days here," Federal Reserve Chairman Kevin Warsh said after the FOMC raised interest rates by a quarter percentage point. He speaks in Washington.

Source: Bloomberg Markets and Finance
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Source: Seeking Alpha News Agency
6 days ago
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Nuveen Churchill Direct Lending: The Discount Is Real, The Credit Trend Is Too; Hold

Nuveen Churchill Direct Lending: The Discount Is Real, The Credit Trend Is Too; Hold

Nuveen Churchill Direct Lending is rated HOLD, with a 12.4% covered yield and a deep discount to NAV reflecting credit concerns. NCDL trades at 0.711× NAV and 7.45× NII, with the market pricing in more damage than current stress scenarios support. Credit quality is deteriorating: non-accruals doubled to 2.66%, and the watch list has risen for seven consecutive quarters, but dividend coverage improved to 1.08× after a proactive cut.

Source: Seeking Alpha
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