Bonds & Bullion Jump, Dollar Dumps As Rate-Hike Odds Slump After Payrolls Miss

Private Credit Bank Run Begins: Blue Owl Gates After Shocking 41% Of OTIC Investors Ask For Their Money A week ago, in an attempt to calm the market, Goldman's economists published a lengthy, if at times disjointed, report discussing why a crisis in private credit would not lead to another financial crisis. We are about to find out if they were right.  Recall that in mid-March, while attention was understandably focused on the Iran war, we explained why Blue Owl's February decision to commence liquidations of loans in its three core private...

Qatari LNG Tanker Hit By Iranian Missile In Hormuz Chokepoint A fully loaded Qatari LNG tanker was struck by a projectile near the Omani coast while exiting the Strait of Hormuz, raising fresh concerns that disruptions across the key energy maritime chokepoint could persist longer than traders had expected. Brent crude rose more than 1% to $72.76 a barrel as traders reassessed the war-risk premium in the Gulf area. The Al Rekayyat, owned by Qatar's state shipping company Nakilat, was struck early Tuesday about 8 nautical miles east of Limah, Oman,...