Be in the know. 10 key reads for Monday…

  1. China Central Government Is Borrowing at Fastest Pace on Record (bloomberg)
  2. China Minister Says Nation’s Recovery to Benefit US Firms (bloomberg) Why Chinese Apps Are the Favorites of Young Americans (wsj)
  3. Where Financial Risk Lies, in 12 Charts (wsj)
  4. First Citizens Said to Near Deal for Silicon Valley Bank (bloomberg)
  5. US Bank Deposits Decline by Most in Nearly a Year (bloomberg)
  6. Bond Traders Go All-In on US Recession Bets That Defy Fed View (bloomberg)
  7. Fed’s Kashkari Says Bank Strains Bring Risk of Recession Closer (bloomberg)
  8. Money market funds swell by over $286bn as investors pull deposits from banks (ft)
  9. Powell and Yellen struggle to calm nerves in banking crisis (ft)
  10.  Feds may throw struggling First Republic Bank a lifeline by expanding emergency lending program (foxbusiness)