Why 8% Mortgage Rates Aren’t Crazy https://ift.tt/YviEMe4

Pro Take: As the Fed’s Inflation Fight Drags On, Government Interest Payments Climb https://ift.tt/Q16Ok2j

SAS Gets Rescue Deal From Castlelake-Led Investor Group https://ift.tt/iOcUK5u

Demand for Italy’s BTP Valore Could Tame BTP-Bund Spread Widening https://ift.tt/IszaJmH

Tesco Ups Profit Forecasts as Cost Cuts Boost Performance https://ift.tt/teSVM39

U.S. officials announced indictments and sanctions against China-based companies and their employees related to the trafficking of chemicals used to manufacture large quantities of illicit fentanyl. https://ift.tt/qRGb6Pv

An intensifying bond selloff sparked new stock-market losses, with the S&P 500, Nasdaq and Dow falling 1.4%, 1.9% and 1.3%, respectively. The yield on the 10-year Treasury note rose to 4.801% https://ift.tt/cxRW7Fw

A sudden surge in long-term interest rates to 16-year highs is threatening hopes for an economic soft landing, all the more because the exact triggers for the moves are unclear. https://ift.tt/mVufiJ9

The U.S. funding system for Ukrainian salaries and Kyiv government expenditures is expected to run out in the next month absent a fresh infusion of money from Congress, Ukrainian and American government officials said. https://ift.tt/qmugGDI

The House removed Rep. Kevin McCarthy as speaker, after a small band of GOP dissidents moved to oust the Republican leader and Democrats didn’t come to his rescue during a dramatic vote with no precedent in U.S. history. https://ift.tt/fUWe0mX