BARRON'S + Business Markets Insider

Banks Wanted Higher Rates. Be Careful What You Wish For.

Higher funding costs and unrealized bond losses on balance sheets have been effects.

3 min

• The Federal Reserve’s Barr Says He Expects High Rates for Some Time
• Op-Ed: Reasons Why Bonds Might Hold Up Even as Stocks Fall
• Junk Has Outperformed. Get Nervous.
• How to Protect Your Portfolio
• Banks Have Problems, but Their Stocks Are Cheap. Check These Out.

 BUSINESS INSIDER 1h

Spiking bond yields are stoking financial chaos – and the Fed will have to clean up the mess, JPMorgan strategist says

David Lebovitz's warning of "a financial accident" comes with 10-year Treasury yields at 16-year highs.

BUSINESS INSIDER 7h

Evergrande shares jumped 42% within 15 minutes of resuming trade amid investigation woes

Trade in Evergrande shares was suspended last Thursday after Bloomberg reported the company's chairman has been placed under police surveillance.

BUSINESS INSIDER 14h

US stocks trade mixed as bond yields jump after Fed officials stay hawkish

An Institute for Supply Management report also showed US manufacturing activity improved in September.

BUSINESS INSIDER 15h

Chinese consumers are turning to the lottery for money as the economy sputters and youth unemployment soars

"The worse the economy is, the more lottery tickets will be sold," a Chinese social media user wrote.

BUSINESS INSIDER 16h

Sphere Entertainment soars 17% after videos of U2 concert inside mind-blowing Las Vegas venue light up social media

Madison Square Garden renamed its parent company to Sphere Entertainment earlier this year and spun-off some of its more traditional venues.