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Country Garden Default Would Be Worse Than Evergrande, BI Says

A debt crisis that rivals China Evergrande Group’s default may be brewing in the world’s second-largest economy. • None Everyone Wants to Work at UPS After…

Italy Trims Bank Windfall Tax After $10 Billion Value Erased

The Italian government backtracked on part of its new windfall tax on banks, saying it would introduce a cap to limit the impact for many lenders as it tries…

Treasury Auctions Off to Good Start, With Strong Demand for Three-Year Notes

So far, so good for this week’s historic Treasury debt auctions following trepidation last week when the announced sizes topped most bond dealer…

Hedge Funds Build Treasury Shorts as Yields Push to Year s Highs

Into last week’s push higher in Treasury yields, new short risk was created. The latest positioning points to hedge funds building their short base, widening…

Oil Rallies to Highest Since November on Black Sea Risks

Oil climbed to its highest in almost nine months on concern that a possible escalation of the conflict between Russia and Ukraine may hamper supplies in an…

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