Greetings,
United States: The Treasury market has been pricing in the debt ceiling risk. A technical default could occur in about three months when the US Treasury exhausts its sources of liquidity. Investors demand higher yields on T-bills maturing after that point.
Cryptocurrency: Bitcoin miners are experiencing greater revenue as blockchain’s hashrate recovers from July lows. The hashrate refers to the total combined computational power that is being used to mine and process transactions.
Equities: What do US companies see as the greatest threats to sales?
Global Developments: Dry bulk shipping costs continue to surge.
China: Investors remain concerned about the Evergrande situation.
Here is the maturity profile of the company’s debt.
Food for Thought: Marketing dollars earned by baseball stars:
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
