Today’s Issue Cluster: Bonds
Greece – Overturns civil service reforms
China – Passes Mexico as the Top Source of New US Immigrants
Hotels – US chains raise rates as travel picks up
Rail – New US rules will slow shipping and reduce capacity, BNSF says
EZ – Apr: Final Markit composite PMI rises; 53.9 was 53.5 / AP / WSJ / R *
EZ – Mar: Retail sales fell; -0.8%, +1.6% yr / R *
US – Apr: ADP private payrolls growth moderates; +169k from +175k / WSJ / R / *
US – Q1: Productivity drops; -1.9% from -2.1% / AP / WSJ / R / B
Bonds – World: Rising yields spark rush for exits FT
Bonds – US: Bankers and Regulators Voice Fears on Volatility NYT / R *
Bonds – US: Japan Insurers Pile Into Treasuries WSJ *
Bonds – EZ: Chances for Return on Government Debt Diminish WSJ *
Bonds – Germany: Does About-Face as Yields Rise NYT / t *
Bonds – Germany: Reversal a Welcome Risk Reminder WSJ * *
Bonds – Japan: Foreign investors gobbling up government debt N * *
Bonds – EMs: The calm before the tantrum E *
Bonds – LatAm: Will be the hardest hit of EMs as the Fed tightens FT
Australia – Seeks Cure for Its Mining Hangover WSJ *
Greece – Overturns civil service reforms FT
Greece – ECB Mulls Tighter Rules B
Greece – ‘EU more relaxed about contagion than in 2010?’ rbs *
Greece – European Commission slashes growth forecast FT / WSJ * * *
Greece – Trading in Government Bonds Slows to a Trickle WSJ *
Greece – Moody’s cut credit rating deeper into junk territory r *
Greece – Five Years After First Bailout, Back on the Brink WSJ / FT / AFP *
Greece – ‘Grexit may be the best end for a bad marriage’ ft
RBA – Australia Cuts Benchmark Rate to Record Low 2% WSJ / FT / R / B / AP / ABC / SMH *
Australia – New home sales hit five-year high Aus
Australia – Worry over debt as house prices rise WSJ / ABC / Aus *
China – ‘Migrant miracle’ nears an end as cheap labor dwindles FT / FT / FT / FT * * *
China – Three things we learned from making a migration choropleth ft *
China – Passes Mexico as the Top Source of New US Immigrants wsj *
Hotels – US chains raise rates as travel picks up R
Hotels – At Record Occupancy Pace in 2015 cr *
Hotels – REITs underperform despite record rates and occupancies WSJ *
Mobiles – Racing Against Google to Sell Wi-Fi Phones WSJ
Mobiles – Will cell towers soon become obsolete? CNBC
Rail – Norfolk Southern Blasts Oil-Train Rules WSJ
Rail – New US rules will slow shipping and reduce capacity, BNSF says G&M *
Rail – Canadian oil trains shift to carry less-volatile crude R
Rail – New Rules Are Big Brake for Two Suppliers WSJ *
Water – Nowhere Is Safe From California Drought WSJ / NYT *
Water – Latest Victim of California’s Drought: Utility Bonds WSJ *
Water – Huge China diversion project runs into budgetary constraints WSJ *
Distribution of blood type in the world tslt
Type O: *
Type A: *
Type B: *
Type AB: *
