Croatia’s Tifon Gas Stations Hope to Tap Tourist Trade With Crypto Payment Support – Yahoo Finance

Croatia’s Tifon Gas Stations Hope to Tap Tourist Trade With Crypto Payment Support – Yahoo Finance

Bloomberg

‘Dude, Get Back to Your Desk’: The Week That Roiled Bond Markets

(Bloomberg) — Thomas Costerg doesn’t usually go to bed with a computer, but he couldn’t help himself Thursday night after what had just happened in the Treasury market.“I could not sleep well,” said the senior U.S. economist at Pictet Wealth Management in Geneva. “These were quite extreme moves.”With a ferocity that caught nearly everyone off guard, one of the most vital numbers in global finance — the yield on 10-year Treasuries — spiked back to where it’d been before the pandemic caused markets to go nuts 12 months ago.You might think that was reason to celebrate — a welcomed finish line to cross as the world tries to return to normal. After all, yields had sunk toward zero because of virus panic. So surely getting back to 1.47% — where 10-year notes finished on Feb. 21, 2020, before a weekend of dire coronavirus news woke investors up to the threat and kick-started the most painful period in markets since the Great Recession — would be welcomed news?Not at all.“The mood was bordering on frantic,” said Emily Roland, the Boston-based co-chief investment strategist for John Hancock Investment Management and its $164 billion of assets.Almost everything that matters was red Thursday. Treasuries sank, driving the yield on 10-year notes up
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