Noteworthy Financial Stories for June 3

Fed’s Lockhart Says Rates May Rise With Unemployment Still High
http://www.bloomberg.com/apps/news?pid=20601087&sid=aPqL8J7fgpZw&pos=4

Covered Bond Sales Surge; Transocean Tumbles: Credit Markets
http://www.bloomberg.com/apps/news?pid=20601087&sid=azhNPZjPVID4&pos=6

Jobless Claims in U.S. Decreased by 10,000 to 453,000
http://www.bloomberg.com/apps/news?pid=20601068&sid=apwPJuht7r9c

The fate of the euro is in your hands
http://ftalphaville.ft.com/blog/2010/06/03/250826/the-fate-of-the-euro-is-in-your-hands/

Thursday payrolla
http://ftalphaville.ft.com/blog/2010/06/03/250691/thursday-payrolla/

More on those USD swap lines…
http://ftalphaville.ft.com/blog/2010/06/03/250586/more-on-those-usd-swap-lines/

How soon might Greece default?
http://blogs.reuters.com/felix-salmon/2010/06/02/how-soon-might-greece-default/

Are Rating Agencies Preparing to Lose the Counterparty Popularity Contest?
http://www.housingwire.com/2010/06/02/are-rating-agencies-preparing-to-lose-the-counterparty-popularity-contest?utm_source=rss&utm_medium=rss&utm_campaign=are-rating-agencies-preparing-to-lose-the-counterparty-popularity-contest

April industrial production: Brazil’s bubble gets bigger
http://blogs.ft.com/beyond-brics/2010/06/01/april-industrial-production-brazils-bubble-gets-bigger/

Invesco launches non-traditional commodity product
http://www.hedgefundsreview.com/hedge-funds-review/news/1652314/invesco-launches-traditional-commodity-product

Here's The Next Big Industry That Hedge Funds Shorts Are Set To Take Down
http://www.businessinsider.com/heres-the-next-big-industry-that-hedge-funds-shorts-are-set-to-take-down-2010-6#ixzz0pnMRtsxi

New York Hedge Fund Embraces Volatility, Gains 20% in May
http://seekingalpha.com/article/208139-new-york-hedge-fund-embraces-volatility-gains-20-in-may?source=feed

Steve Cohen on Life, Love, His Art Collection, and Those Pesky Insider-Trading Rumors
http://www.vanityfair.com/online/daily/2010/06/steve-cohen-on-life-love-his-art-collection-and-those-pesky-insider-trading-rumors.html

Financo says P/E leverage market returns
http://www.reuters.com/article/idUSTRE6513EU20100602

Looking for Lending
http://online.wsj.com/article/SB10001424052748703561604575282680104169988.html?mod=dist_smartbrief

JLLH: CMBS lenders back in hotel game
http://www.hotelworldnetwork.com/trends/jllh-cmbs-lenders-back-hotel-game-8276

Buffett Defends Moody's Managers
http://online.wsj.com/article/SB10001424052748703561604575282133337565878.html?mod=dist_smartbrief

Strategy of Last Resort: To Default or Not To Default?
http://www.costar.com/News/Article.aspx?id=FDC94FD866690E27B34EA4319A0441A3

U.S. property is a "star performer" in global economy
http://www.investmentinternational.com/news/property/us-offering-best-property-investment-returns-as-global-recovery-expected-to-be-steady-but-slow-3611.html

FASB Exposure Draft Alarms Bank CFOs
http://www.cfo.com/article.cfm/14502294/c_14502618?f=home_todayinfinance

Real Estate Groups Warn That Carried Interest Tax Could Harm Recovery
http://www.costar.com/News/Article.aspx?id=BC9C202F382A9E3B31CE08038D82BA77

INSIDERS CONTINUE BUYING THE DIP
http://pragcap.com/insiders-continue-buying-the-dip

Kass: Cyclical Tailwinds vs. Secular Headwinds
http://www.thestreet.com/story/10771873/1/kass-cyclical-tailwinds-vs-secular-headwinds.html

The Next Generation Of Commodity ETFs?
http://etfdb.com/2010/the-next-generation-of-commodity-etfs/

Learn To Love Uncertainty
http://www.thekirkreport.com/2010/06/learn-to-love-uncertainty-.html

CRE Revisited, or Learning To Love the Collapse
http://www.costar.com/News/Article.aspx?id=339FEA59EF4942423CB4769CFBE6D8BE&ref=100&iid=184&cid=4551B02CF9EBB4A3FD8AA99C29554FD4
Even though delinquencies drop, servicers take longer to foreclose
http://www.snl.com/InteractiveX/article.aspx?Id=11276691&KPLT=4