China’s Steps to Cool Bond Rally Sap Demand for Wealth Products

Inflows into wealth-management products slid 90% in August State banks seen selling long-dated debt to cool rally Signs that Chinese officials are pushing back on the record-breaking bond rally are deterring at least one group of investors that have been a key driver...

Brazil’s Economic Activity Posts First Monthly Drop Since March

Central bank seen lifting rates by quarter-point next week Economic activity fell 0.4% on month in July; est. was -0.7% Brazil’s economic activity fell less than expected in July, snapping a series of gains as central bankers are expected to mull the start of a cycle...

An 86-Year-Old Investor Warns Peers on Value-Stock Betrayal

Jim Cullen stays disciplined while peers chase growth trades Money manager has endured market cycles over six-decade career Jim Cullen knows the urge. Embattled cheap-stock managers sense their careers are under siege, ignore their mandate — and grab a few expensive...

China Bond Yields Sink to Record Low With Intervention in Focus

State banks were seen selling long-dated bonds to cool rally Inflows into bonds will continue given weak economy: analyst China’s bond traders defied signs of intervention to push sovereign yields to a record low, setting the stage for a showdown with authorities...

Leveraged ETFs With Record $117 Billion Blamed for Volatility

Such funds may be exerting a bigger influence on broad market Rebalancing flows have grown bigger as volatility returns After weeks of stomach-churning volatility, Wall Street pundits are blaming a burgeoning leveraged investment strategy for exacerbating stock-market...