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(Bloomberg) — For decades, oil traders, executives and analysts warned that closing the Strait of Hormuz would be a global economic catastrophe. Read More
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(Bloomberg) — Google parent Alphabet Inc.’s municipal-bond market debut was met by a surge of investor interest. Read More
(Bloomberg) — Bond traders fully priced in a Federal Reserve interest-rate hike by the end of this year after US job growth topped all forecasts in May, spurring yields higher in the $31 trillion Treasuries market. Read More
(Bloomberg) — American forces have counted nearly 1,000 commercial vessel transits in and out of the Strait of Hormuz in the last two months, according to an official familiar with US Central Command operations, a figure that’s higher than private sector estimates that rely mostly on ship transponders. Read More