Friday, March 20, 2020

Friday Evening Links

[Reuters] Wall Street dives, ends worst week since 2008, as New York, California impose restrictions

[Reuters] Treasuries - Yields down after governor orders New York residents to stay home

[Reuters] Forex swap spreads tighten after central banks take coordinated action

[AP] US virus testing faces new headwind: Lab supply shortages

[CNBC] New Yorkers ordered to mostly stay inside: ‘We’re all under quarantine now,’ Gov. Cuomo says

[CNBC] Coronavirus live updates: States expand unemployment, WHO warns of health system collapse

[Reuters] Trump says respects China, but unfortunate virus got out of control

[Reuters] Downgrade doom looms for coronavirus-hit firms and markets

[Reuters] World's top debt funds lose billions in coronavirus rout

[Reuters] Column: Global economy hit by severest shock since 1930s - Kemp

[Bloomberg] ‘Sell-Everything’ Strategy Is Causing Massive Credit Turmoil

[Bloomberg] S&P 500 Share Buybacks to Drop 70% This Year, JPMorgan Predicts


Friday's News Links

[Reuters] Wall Street gains at the end of blistering week

[Reuters] Markets gain as central banks, governments pour in cash

[Reuters] Euro zone bond yields tumble as risk sentiment picks up

[AP] Trump’s team, senators to negotiate $1T economic rescue deal

[CNBC] California governor issues statewide order to ‘stay at home’ effective Thursday evening

[CNBC] The upcoming job losses will be unlike anything the US has ever seen

[Reuters] U.S. states seek $150 billion in emergency federal coronavirus aid

[CNBC] Coronavirus live updates: US cases cross 14,000, China economy shows signs of normalizing

[Reuters[ Germany mulling half-trillion-euro support fund for corona-struck firms, Der Spiegel says

[Bloomberg] ‘Illiquidity Doom Loop’ Threatens Bond ETFs Caught Up in Turmoil

[Bloomberg] ‘Extreme’ Market Stress Trashes Havens in a Crisis of Liquidity

[Bloomberg] Euro’s Survival at Stake as Region on Course for Worst Half Ever

[Bloomberg] A Covid-19 Supply Chain Shock Born in China Is Going Global

[Bloomberg] Half of Chinese Retailers Risk Collapse Within Six Months

[WSJ] Bond-Market Strains Keep Traders on Edge

[FT] Analysts point finger at ‘risk parity’ strategy in market rout

[FT] Weird price dislocations are shaping the $4.1tn US municipal bond market