• Bond Yields Are Tumbling. Here's Why... Link
    zerohedge Thu 15 Apr 2021 15:31

    Despite soaring vaccination rates, surging economic data and spiking inflation prints, Treasury yields have been (unexpectedly) plunging in the last few days with 10Y, for example, down 15bps this week alone, to its lowest in five weeks...

  • US Cancels Black Sea Deployment Of 2 Warships After Biden-Putin Call Link
    zerohedge Thu 15 Apr 2021 15:11

    Turkey has revealed that a pair of US warships which were scheduled to sail through the Bosporus starting Wednesday have canceled their passage. Interestingly it comes on the heels of the Tuesday Biden-Putin phone call wherein Biden is said to have proposed the two leaders meet "in the coming months".

    Anadolu state news agency has indicated that both deployments scheduled to take place through Thursday have been cancelled, and that no further rescheduling has yet occurred. The news comes after the Kremlin issued threats for the warships to steer clear of Crimea "for their own good" and announced naval exercises of its own. 

    Turkey first indicated the planned-for passage last week, and at the same time a US defense official had told CNN the warships would be deployed "in the next few weeks in a show of support for Ukraine," and further the deployment would "send a specific message to Moscow that the US is closely watching."

  • Exiled Gynecologist Exposes Details Of China's Forced Sterilization Of Uyghur Women Link
    zerohedge Thu 15 Apr 2021 14:31

    A gynecologist who left the autonomous region of Xinjiang, China in 2011 and is now living in exile, has revealed the inner-workings of Beijing's forced-sterilization program of Uighur women, according to a recent interview by The Sankei Shimbun - Japan's 5th largest newspaper (via Japan Forward).

    The doctor, 47-year-old Gülgine, immigrated from China to Istanbul, Turkey in 2011. She previously worked as a gynecologist in the city of Urumqi - capital of the autonomous region, where she inserted intrauterine devices (IUDs) "into women's wombs."

  • Chinese Stocks Slide As Latest PBOC Cash Injection Again Disappoints Traders Link
    zerohedge Thu 15 Apr 2021 14:21

    The ongoing decline in China's credit impulse, which we have discussed extensively here in recent weeks, just made its latest appearance and the market was not happy.

    Chinese stocks fell on Thursday, after the central bank underscored its intention to contain leverage and pursue policy normalization by adding just enough cash to maintain medium-term liquidity.

    On Thursday, the PBOC injected 150 billion yuan ($23 billion) into the financial system on Thursday with its medium-term lending facility. That was slightly less than the medium-term lending facilities due in April even as liquidity is set to tighten this month, with 100 billion yuan due and 56.1 billion yuan of targeted loans maturing on April 25.

  • Rabobank: Is Biden Retreating From A Clash With China... Or Doubling Down Link
    zerohedge Thu 15 Apr 2021 14:11

    By Michael Every of Rabobank

    Power abhors a vacuum

    There’s an old phrase that neoliberal economists pay virtually no attention to at all, and which is one of the largest problems with the discipline: power abhors a vacuum.

  • Former FDA Chief Warns US Will "Struggle" To Reach Herd Immunity As Vaccine Refusals Rise Link
    zerohedge Thu 15 Apr 2021 13:51

    Across the developing world, 130 countries have yet to receive even a single dose of any of the COVID vaccines, while the US stockpiles hundreds of millions of doses as the Biden Administration announces ever more ambitious targets, currently 200MM jabs in arms by the end of his First 100 Days (which will formally expire at the end of April).

    So far, the US has managed its vaccine rollout efficiently relative to the EU, though Washington, unfortunately, didn't manage to avoid the safety scandals that unfolded in Europe with the AstraZeneca jab. Now that federal regulators have raised questions about the safety of the Johnson & Johnson jab, it looks like the entire adenovirus platform is now suspect (which is truly unfortunate for the developing world, since they were the ones who were supposed to get those vaccines).

  • Reuters Puts Website Behind A Paywall, Will Charge Readers $35 Monthly Link
    zerohedge Thu 15 Apr 2021 13:36

    Reuters, the Canadian financial news giant, has just announced via a leak to the NYT that it will put its website, long one of the last remaining free sources of markets news and information, behind a paywall for the first time.

  • What recessions? Link
    zerohedge Thu 15 Apr 2021 13:31

    You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more

  • Industrial Production Rebound Disappoints In March Link
    zerohedge Thu 15 Apr 2021 13:26

    After a big (unexpected) drop in February, analysts expected a rebound in March but were disappointed in its scale as US Industrial Production rose just 1.4% MoM (vs +2.5% expected) after a downwardly revised 2.6% slump in February.

  • But China vowed to achieve carbon neutrality by 2060. Was it lying? Link
    zerohedge Thu 15 Apr 2021 13:21

    You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more

  • The output of utilities dropped 11.4%, as the demand for heating fell because of a swing in temperatures from an unseasonably cold February to an unseasonably warm March.
    zerohedge Thu 15 Apr 2021 13:21
  • Manufacturing production 2.7%, Exp. 3.6%
    zerohedge Thu 15 Apr 2021 13:16
  • Industrial Production 1.4%, Exp. 2.5%, Last -2.6%
    zerohedge Thu 15 Apr 2021 13:16
  • *BOFA CEO SAYS HE EXPECTS EXPENSES TO DECLINE AFTER JUMP IN 1Q
    zerohedge Thu 15 Apr 2021 13:16
  • ICYMI: Goldman, JPM Expect Econ Activity In April, May To Top "Anything We'll See In Our Careers" Link
    zerohedge Thu 15 Apr 2021 13:16

    But while it's true that the base effect will lead to some impressive if mostly meaningless Y/Y charts, the reality is that the US economy is about to ramp even higher not just on the simple accounting of calendar effects, but because of the continued flood of fiscal stimulus that is about to send the US economy overheating to never before seen levels.

  • RT @bespokeinvest: This is the longest streak of 'extreme' overbought readings since January 2018. Link https://t.co/Lyf…
    zerohedge Thu 15 Apr 2021 13:16
  • RUSSIA SUMMONS U.S. AMBASSADOR IN MOSCOW OVER NEW U.S. SANCTIONS
    zerohedge Thu 15 Apr 2021 13:11
  • *TOSHIBA MULLS REJECTING CVC'S BUYOUT OFFER: KYODO
    zerohedge Thu 15 Apr 2021 13:11
  • Russian Envoy: General Impression in Iran Nuclear Talks Positive
    zerohedge Thu 15 Apr 2021 13:11
  • COIN Bounces Back As Cathie Wood 'Bought The Dip', Dumped Some Tesla Link
    zerohedge Thu 15 Apr 2021 13:06

    There was at least one dip-buyer in yesterday's disappointing post-open plunge in Coinbase (COIN).

    Cathie Wood’s Ark funds bought $246 million worth of Coinbase shares on the cryptocurrency exchange’s Nasdaq debut on Wednesday and sold some Tesla shares.

    Those headlines sparked a panic-bid this morning in pre-market trading, but sellers have immediately reappeared...

  • Reuters will begin charging $34.99 a month for a subscription to its website: NYT
    zerohedge Thu 15 Apr 2021 13:01
  • *QUANTUMSCAPE FALLS 7% AFTER SCORPION CAPITAL SHORT REPORT
    zerohedge Thu 15 Apr 2021 13:01
  • The Middle Class Has Finally Been Suckered Into The Casino Link
    zerohedge Thu 15 Apr 2021 12:56

    The income of the top 0.1% grew 15 times faster than the incomes of the bottom 90% because that's the only possible output of America's distorted financial system. The same can be said of the rising asymmetry of wealth: the top 10% own 2.5 more wealth than the middle class (51% to 90%) and 34 times the wealth of the bottom 50% as a result of the asymmetric structure of our financial system.

  • Initial Jobless Claims Crash To Pandemic Lows; There's Just One Thing... Link
    zerohedge Thu 15 Apr 2021 12:46

    Notably, the drop in claims was largely driven by a 75,645 drop in California... which, as Joe Brusuelas suggests, is indicative of the problems that remain in processing claims, backlogs and fraud in the states.

  • Everything is normal in California https://t.co/T9mZ8eMh2R
    zerohedge Thu 15 Apr 2021 12:41
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