Wall Street Journal – Market News

• Debt-Ceiling Standoff Distorts Short-Term Treasury Market
  Investors are demanding more yield to hold some short-term Treasurys with the greatest risk of delayed payment. Meanwhile, they are driving down yields on a dwindling supply of others.
• Stocks Fall as Bond Yields Hit Three-Month High
  U.S. government bond yields rose amid inflation concerns and stocks tumbled as investors rotated out of interest-rate sensitive technology stocks.
• Evergrande Bondholders Mull Next Steps in Wake of Missed Payment
  Foreign investors in the Chinese property giant’s debt face the challenge of navigating an uncertain, complicated international restructuring.
• Facebook, Ford, Acceleron Pharma: What to Watch When the Stock Market Opens Today
  Tech stocks that are sensitive to interest rates fell ahead of the bell; Energy stocks got a boost from rising oil prices.
• OPEC Predicts a Winner in Global Energy Transition: OPEC
  The cartel predicts it will dramatically boost its influence in the global oil market over the next two decades as production by other big producers falls.