A new era of elevated borrowing costs is potentially underway as war-driven inflation angst intensifies in the US bond market, sending 30-year yields toward a two-decade high above 5%.
Guneet Dhingra, Head of US Rates Strategy at BNP Paribas, discusses the recent yield surge and why 5% may become the new 4%. (Source: Bloomberg)
Investors are pouring money into commodities funds as the US-Iran war stokes inflation, according to Invesco Ltd.
The Strait of Hormuz remains effectively closed to commercial shipping, with maritime traffic reduced to a trickle and dominated by Iranian-linked vessels. There were few notable foreign-affiliated movements amid reports of Iran’s Bitcoin-backed insurance program for shipping companies willing to transit the waterway.
“It was soul-crushing,” says one job hunter, who only found work once she stopped making this popular application mistake.
On this episode of Stock Movers with Alexis Christoforous:
– NextEra Energy (NEE) agreed to pay about $67 billion in stock for Dominion Energy (D) in the biggest power acquisition ever, creating a giant utility extending from Florida to the data centers clustered in Virginia. The deal would give NextEra a swathe of electricity assets stretching across Virginia and the Carolinas.
– Ryanair (RYAAY) gains as it delivered a decent end to the year, but flagged impact ahead from rising costs. The airline said unit costs for 2027 could increase by a mid-single digit percentage, with concerns over current unhedged jet fuel prices, and also impact from higher crew and aircraft maintenance costs.
– Regeneron Pharmaceuticals (REGN) shares drop after the drugmaker’s phase 3 data for fianlimab in metastatic melanoma fell short of expectations. Citi downgraded its rating on the stock following the “disappointing” trial update. (Source: Bloomberg)
“He has not paid the last two months, and it is not court-ordered.”
UniCredit’s Global Head of Equity Capital Markets, Silvia Viviano, assessed potential global impacts of major US IPOs like SpaceX, predicting temporary liquidity drain but long-term benefits for European issuance if those deals succeed. Viviano speaks with Anna Edwards and Guy Johnson on ‘Bloomberg: The Opening Trade.
(Source: Bloomberg)
A conversation with Javier Blas and Lorcan Roche Kelly on one price shock after another.
Whether it’s the price of a barrel of Brent crude or a pound of beef, it’s clear prices are skyrocketing for all kinds of goods and commodities. Price shocks and shortages are, if anything, the way consumers understand the economy right now — at the grocery store or at the gas pump. Certainly, current (and future) shocks can be explained by the closure of the Strait of Hormuz. But the environment is weirder than just across the board price increases: The price of corn has barely moved, for insta
The World Health Organization has sounded a global alarm after the latest Ebola outbreak in the Democratic Republic of Congo and Uganda. Jason Gale explains why the new Bundibugyo strain could be harder to contain.
(Source: Bloomberg)
