tyb
gonna repost the two pf's not in dere
you had them above on the second to last bun
>>56010 pb
XXXXXX USAF G5 departed Quito after a short ground stop and on descent at Panama Pacifico Airport
ty pf from next door for cap
Also had a Spanish AF Dassault Falcon 7x arrive at Quito just prior to the above AC departing-cap #2
Spanish AF AME4569 Dassault Falcon 7X on ground at Quito from Santo Domingo, DR
no problem at all
easy to just put back in.
i can't think of anything relating to Ecuador other then Assange Embassy stuff.
But interdasting that two high profile AC;s in and out at about same time.
China Braces for $1.3 Trillion Maturity Wall as Defaults Surge
Even by the standards of a record-breaking global credit binge, China’s corporate bond tab stands out: $1.3 trillion of domestic debt payable in the next 12 months. That’s 30% more than what U.S. companies owe, 63% more than in all of Europe and enough money to buy Tesla Inc. twice over. What’s more, it’s all coming due at a time when Chinese borrowers are defaulting on onshore debt at an unprecedented pace.
The combination has investors bracing for another turbulent stretch for the world’s second-largest credit market. It’s also underscoring the challenge for Chinese authorities as they work toward two conflicting goals: reducing moral hazard by allowing more defaults, and turning the domestic bond market into a more reliable source of long-term funding.
While average corporate bond maturities have increased in the U.S., Europe and Japan in recent years, they’re getting shorter in China as defaults prompt investors to reduce risk. Domestic Chinese bonds issued in the first quarter had an average tenor of 3.02 years, down from 3.22 years for all of last year and on course for the shortest annual average since Fitch Ratings began compiling the data in 2016. “As credit risk increases, everyone wants to limit their exposure by investing in shorter maturities only,” said Iris Pang, chief economist for Greater China at ING Bank NV. “Issuers also want to sell shorter-dated bonds because as defaults rise, longer-dated bonds have even higher borrowing costs.” The move toward shorter maturities has coincided with a Chinese government campaign to instill more discipline in local credit markets, which have long been underpinned by implicit state guarantees. Investors are increasingly rethinking the widely held assumption that authorities will backstop big borrowers amid a string of missed payments by state-owned companies and a selloff in bonds issued by China Huarong Asset Management Co. The country’s onshore defaults have swelled from negligible levels in 2016 to exceed 100 billion yuan ($15.5 billion) for four straight years. That milestone was reached again last month, putting defaults on track for another record annual high. The resulting preference for shorter-dated bonds has exacerbated one of China’s structural challenges: a dearth of long-term institutional money. Even before authorities began allowing more defaults, short-term investments including banks’ wealth management products played an outsized role. Social security funds and insurance firms are the main providers of long-term funding in China, but their presence in the bond market is limited, said Wu Zhaoyin, chief strategist at AVIC Trust Co., a financial firm. “It’s difficult to sell long-dated bonds in China because there is a lack of long-term capital,” Wu said.
Chinese authorities have been taking steps to attract long-term investors, including foreign pension funds and university endowments. The government has in recent years scrapped some investment quotas and dismantled foreign ownership limits for life insurers, brokerages and fund managers. But even if those efforts gain traction, it’s not clear Chinese companies will embrace longer maturities. Many prefer selling short-dated bonds because they lack long-term capital management plans, according to Shen Meng, director at Chanson & Co., a Beijing-based boutique investment bank. That applies even for state-owned enterprises, whose senior managers typically get reshuffled by the government every three to five years, Shen said. The upshot is that China’s domestic credit market faces a near constant cycle of refinancing and repayment risk, which threatens to exacerbate volatility as defaults rise. A similar dynamic is also playing out in the offshore market, where maturities total $167 billion over the next 12 months.
For ING’s Pang, the cycle is unlikely to change anytime soon. “It may last for another decade in China,” she said.
https://www.bnnbloomberg.ca/china-braces-for-1-3-trillion-maturity-wall-as-defaults-surge-1.1607653
>Graham argues he was only ever advocating for free speech
yeah.....fuck that
Rope or firing squad for that POS
BOXER48 USAF C-40C on ground at Portland Int'l after a Hickam AFB, Oahu depart earlier
This AC departed JBA on 0520 and had a ground stop at Travis AFB, CA and then on to Hickam AFB, Oahu for an early arrival on 0521 GMT
Mexican AF 3529 737 heading back to Mexico City after a 0522 arrival
AMLO returning to Mexico City
Mexican President draws US into dispute over governor
Mexico has made little headway defusing a bizarre standoff over the possible arrest of a a sitting state governor facing charges of tax evasion, money laundering and organized crime
But President Andrés Manuel López Obrador made one thing clear Thursday: Any diplomatic documents the United States sends to Mexico are at risk of being published by the president himself. So eager is López Obrador to see the governor arrested that he displayed a copy of a May 4 letter sent by the U.S. Embassy’s legal attaché asking for information on Garcia Cabeza de Vaca as part of a U.S. money laundering investigation. And the president said he'd do it again, even though such documents might contain sensitive information. “Just so everyone knows, if my administration gets a document, with all the implications it might have ... independently of whether it legally correct or not, I am going to make public right now a letter sent by the United States Embassy,” the president said at his daily morning press conference.
https://www.theolympian.com/news/nation-world/world/article251559493.html#
Economic Schedule-Week of May 23, 2021
Futures cap#2
The key reports this week are the second estimate of Q1 GDP, April New Home Sales, March Case-Shiller house prices, and Personal Income and Outlays for April. For manufacturing, the May Richmond and Kansas City Fed manufacturing surveys will be released.
-
Monday, May 24th -
8:30 AM ET: Chicago Fed National Activity Index for April. This is a composite index of other data.
-
Tuesday, May 25th -
9:00 AM: S&P/Case-Shiller House Price Index for March.
The consensus is for a 12.3% year-over-year increase in the Comp 20 index for March.
9:00 AM: FHFA House Price Index for March 2021. This was originally a GSE only repeat sales, however there is also an expanded index.
10:00 AM: New Home Sales for April from the Census Bureau.
10:00 AM: Richmond Fed Survey of Manufacturing Activity for May.
-
Wednesday, May 26th -
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
-
Thursday, May 27th -
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for a decrease to 420 thousand from 444 thousand last week.
8:30 AM: Gross Domestic Product, 1st quarter 2021 (Second estimate). The consensus is that real GDP increased 6.5% annualized in Q1, up from the advance estimate of 6.4%.
8:30 AM: Durable Goods Orders for April from the Census Bureau. The consensus is for a 0.8% increase in durable goods orders.
10:00 AM: Pending Home Sales Index for April. The consensus is for a 1.2% increase in the index.
11:00 AM: the Kansas City Fed manufacturing survey for May.
-
Friday, May 28th -
8:30 AM ET: Personal Income and Outlays, April 2021. The consensus is for a 14.8% decrease in personal income, and for a 0.5% increase in personal spending. And for the Core PCE price index to increase 0.6%.
9:45 AM: Chicago Purchasing Managers Index for May.
10:00 AM: University of Michigan's Consumer sentiment index (Final for May). The consensus is for a reading of 83.0.
https://www.calculatedriskblog.com/p/weekly-schedule.html
https://www.bloomberg.com/markets/stocks/futures
chek't notes and trips
Myanmar coup latest: Clashes intensify in anti-junta conflicts
Sunday, May 23
10:00 p.m. Fighters opposed to Myanmar's military junta clash with troops in the east of the country, claiming to have killed more than 13 members of the security forces. Members of the People's Defense Force, set up since the coup, told the Irrawaddy news service that they had killed the security force members when they overran a police station near the town of Mobye. An alliance of four ethnic armed groups which are also against the coup battled early Sunday with security forces in Muse, one of the main crossings to China, according to Myanmar media.
3:30 a.m. Myanmar's national soccer team is in Japan for World Cup qualifiers.
The team arrived Saturday, according to the Japan Football Association. They will play against Japan next Friday in Chiba, in a match originally scheduled for March but delayed because of the coup and other reasons.
Saturday, May 22
11:00 p.m. Myanmar aims to create a "federal state based on multi-party democracy," if possible "within a year," junta leader Min Aung Hlaing tells a Hong Kong-based, Chinese-language broadcaster in an interview, according to media reports based on interview excerpts which aired today. In the Phoenix Television interview, the general also says Suu Kyi is in good health and will appear in court in a few days. Suu Kyi's National League for Democracy is accused by the junta of engaging in voter fraud during last year's general election -- allegations Min Aung Hlaing reiterates in the interview excerpt. This accusation is disputed in a recent report by The Asian Network for Free Elections. The National Unity Government, formed in opposition to the coup, has put forward its own proposal for a federal democracy.
https://asia.nikkei.com/Spotlight/Myanmar-Coup/Myanmar-coup-latest-Clashes-intensify-in-anti-junta-conflicts
you know you wanted it....