The yield on corporate junk debt is nearing 9%. It will be very expensive for borrowers with maturing bonds to refinance at these levels

by silvertomars

https://twitter.com/NorthmanTrader/status/1572208495381839873

U.S. 2-YEAR TREASURY YIELD HITS HIGHEST SINCE NOVEMBER 2007 AT 3.973%, UP 3 BPS ON DAY

— *Walter Bloomberg (@DeItaone) September 20, 2022

How far will the Fed go? Expectations for the terminal rate have climbed to 4.4%, after which the market would anticipate five rate cuts, back to what is likely considered the neutral rate (at least according to the Fed’s own dot plot). But it's a constantly moving target. pic.twitter.com/RM3KXxDbxd

— Jurrien Timmer (@TimmerFidelity) September 19, 2022

https://twitter.com/MFHoz/status/1571929015153459200

 US BUILDING PERMITS CRASH IN AUGUST — YET ANOTHER INDICATOR OF THE COMING CRASH

S&P plotted the US PMI corporate earnings trends against the %change in EPS vs the last two quarters.

This is such an interesting chart because it shows quite clearly how activity data (yellow) matters for corporate earnings data (blue). pic.twitter.com/RZJ9Q6xE6N

— Ayesha Tariq, CFA (@AyeshaTariq) September 20, 2022

JPMorgan, $JPM, CEO Dimon: increased bank capital requirements are turning into a major economic danger.

— unusual_whales (@unusual_whales) September 20, 2022

What is priced in right now:
+75bps tomorrow;
+75bps in Nov,
+50bps in Dec.
-> 4.49% in March pic.twitter.com/G28WSGnz3A

— zerohedge (@zerohedge) September 20, 2022

Our ‘overvalued less undervalued’ model (i.e. the proportion of stocks over 30 less under 10) is close to -2 std deviations (once again, at levels, usually only seen at bear market lows). pic.twitter.com/ht1iGwatMu

— Longview Economics (@Lvieweconomics) September 20, 2022