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Driver facing felony charges in sidewalk hit-and-run of News 8 vehicle


Michael Sewell, 51, was allegedly involved in an altercation in Ocean Beach hours earlier.
Author: David Gotfredson (Investigative Producer)
Published: 6:17 PM PDT July 29, 2021
Updated: 6:18 PM PDT July 29, 2021
SAN DIEGO A man caught on videotape driving on a sidewalk and smashing into a News 8 vehicle in downtown San Diego is now behind bars, facing felony charges.
Just hours before Monday’s hit-and-run incident, witnesses said the same man got into an altercation in Ocean Beach but got away before police arrived on scene.
Video of the Ocean Beach incident was posted on Facebook, showing Michael Sewell, 51, arguing with a passerby.
Later in the day, Sewell ended up in a standoff with police at Union and W. Cedar streets downtown. ....

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Analysis: U.S. bond managers say market has overshot, yields too low


Analysis: U.S. bond managers say market has overshot, yields too low
Reuters
16 hrs ago
By Kate Duguid
© Reuters/Dado Ruvic
FILE PHOTO: U.S. One dollar banknotes are seen in front of displayed stock graph in this illustration taken
By Kate Duguid
NEW YORK (Reuters) - Investors at some of the largest U.S. asset managers are holding fast to the view that bond yields will move higher in the second half of this year, despite the recent slide in Treasury yields, which they see as a temporary move.
An unwind of short bets against Treasury debt as well as growing concerns about the recovery of the U.S labor market and the spread of the Delta variant of the coronavirus has pushed down longer-dated U.S. government bond yields. The benchmark 10-year yield hit 1.296% on Wednesday and the 30-year yield fell to 1.918%, the lowest since February for both. ....

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