Today’s Issue Cluster:
Bonds – A Debt-Ratings Rift Rattles Chicago WSJ * *
Bonds – Muni risk rises as pensions are put first FT * *
Bonds – US debt issuers unfazed by rate rise risk FT * * *
Bonds – Junk remains calm FT *
World – Investment from EMs surges FT * *
World – Foreign investors take up to $15b out of EMs in May FT *
Greece – ‘Varoufakis threatens to tear Europe apart’ NYT
Greece – ECB ensnared in politics as it faces vote on loans FT / NYT
Greece – Falls Back Into Recession WSJ *
Greece – Facing Vicious Debt Cycle, Athens Sprints to Apply Fixes FT / WSJ / NYT
Greece – Fiscal, pension disagreements remain / b *
Greece – Which Countries Stand to Lose Big from a Default? cfr *
Fed – Minutes show doubts about strength of US recovery FT / WSJ / NYT / R / AP / B *
World – Six banks fined $5.6b over rigging of foreign exchange markets FT / WSJ *
World – Finance chiefs urge action on bubble fear FT
World – Wood and metal hold key to global economy FT *
EU – Proposal on Distribution of Migrants Draws Opposition WSJ / WSJ *
Water – Scientists reinforce warning on El Niño FT
Water – Squeeze hits global food and drink groups FT
H5N2 – 2m more Minnesota chickens to be destroyed AP / AP
H5N2 – Bird flu scare fails to deter Hormel FT / WSJ
Letterman is Longest-Serving Late Night Host dadaviz *