Wednesday, September 21, 2016

Today's Headlines

Bloomberg:
  • China Coal Giant Said to Be Allowed Higher Output to Curb Prices. China’s biggest coal producer will raise output this month amid a government-led attempt to coordinate production after a sharp increase in prices this year drew concern from consumers. Fourteen coal mines owned by Shenhua Group may raise coal output by as much as 2.79 million metric tons this month, according to people with direct knowledge of the matter, who asked not to be identified because the information is private. Inner Mongolia Yitai Group Co. and China Huadian Corp. have also been allowed to increase output in September.
  • Europe’s Bonds Decline With Treasuries as Impact of BOJ Wanes. The Bank of Japan’s impact on Europe’s longer-maturity bonds proved fleeting, with investors soon turning their attention to the Federal Reserve meeting later in the day. German 30-year securities initially fell after Japanese officials said they’d amend monetary policy and concentrate on controlling yields across different maturities, before paring that slide at the start of the U.S. day. Then, as Treasuries started to decline, Europe’s benchmark long-dated securities followed suit amid speculation Fed officials will strike a hawkish tone on future interest-rate increases.
Wall Street Journal:
Zero Hedge:

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