Friday links: not-so average returns
Bonds Bond market volatility is muted. (mrzepczynski.blogspot.com) Ezra Klein talks with Robin Wigglesworth, author of "A Fabulous Debt: The Epic Story of How Bonds Built the Modern World.", about the bond market. (podcasts.apple.com) Speculation Speculators have always existed, how they trade has changed. (wsj.com) G. Elliott Morris talks with Rajiv Sethi about how prediction markets work.…
Friday links: not-so average returns
Bonds market volatility remains low. Ezra Klein discussed this trend with Robin Wigglesworth, author of A Fabulous Debt, in a recent podcast. Speculators have long been a part of the bond market scene, but the way they trade has evolved over time.
G. Elliott Morris spoke with Rajiv Sethi about prediction markets, exploring how these tools operate and their potential impact.
In sports, Major League Baseball players are facing increased scrutiny from angry gamblers. Bloomberg featured a story on one gambling addict who relapsed after discovering Kalshi, a platform for prediction markets.
On the finance front, zero-coupon convertible bonds have gained popularity recently. The future of Victory Capital and First Eagle after a potential merger was discussed in a Morningstar article. Semi-liquid alternatives funds come in various forms, according to PitchBook.
In pharmaceuticals, Medicine's RVMD received FDA approval for treating pancreatic cancer. Eli Lilly's retatrutide, still in development, already has knockoff drugs available on the black market. The potential impact of Moderna-Merck's vaccine results on cancer treatments is a topic of interest in Barron's.
Stay informed with Abnormal Returns' daily newsletter and the Talking Wealth podcast for professionals in wealth management. Food safety concerns arise as the cyclospora outbreak affects vegetable sales. Wheat and timber prices are also making headlines, with wheat reaching a three-year high and timber prices falling in the American South.
The strategic petroleum reserves in America are being reviewed, and Ukraine's drone capabilities highlight the potential impact of software. U.S. medics are learning valuable lessons from Ukraine's experiences, while drones are also reshaping tanks' role on the battlefield.
Economically, the Personal Consumption Expenditures (PCE) price index is outpacing the Consumer Price Index (CPI). Corporate profits as a share of national income have hit a record high, and AI's role in productivity growth is a subject of investigation.
For more in-depth reads, check out Abnormal Returns' longform articles and mixed media pieces.
Written by urgent.news from Abnormal Returns's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
