Friday, March 6, 2020

Friday Evening Links

[Reuters] Coronavirus concerns drag down Wall Street, but indexes eke out weekly gains

[Reuters] Treasuries - U.S. long-dated yields hit all-time lows as virus fears intensify

[Reuters] Oil takes biggest daily dive in over a decade as Russia, OPEC split

[Reuters] G20 finance leaders pledge 'appropriate' fiscal, monetary actions in coronavirus response

[CNBC] VP Pence says 21 people on the Grand Princess cruise ship off California coast have tested positive for coronavirus

[Reuters] Fed needs wider QE mandate to deal with economic downturns: Rosengren

[Reuters] California health officials, cruise passengers await coronavirus test results from idled ship

[CNBC] University of Washington moving all in-person classes to online amid coronavirus outbreak

[Reuters] U.S. may take targeted steps to stimulate economy amid coronavirus: Kudlow

[CNBC] Secretary of State Mike Pompeo accuses China of setting back coronavirus prevention efforts

[The Atlantic] Exclusive: The Strongest Evidence Yet That America Is Botching Coronavirus Testing

[Reuters] Turkey and other emerging markets face coronavirus rating pressure - S&P Global

[Bloomberg] Europe Corporate Bonds Sink Amid Widespread Market Sell-Off

[Bloomberg] Volatility Gauge Tops 50 for the First Time Since Volmageddon

[WSJ] Corporate Debt Fully Joins the Market Turbulence

[WSJ] How It All Started: China’s Early Coronavirus Missteps

[WSJ] Fear Isn’t the Only Driver of the Treasury Rally: Banks Need to Hedge Their Mortgages

Friday's New Links

[Reuters] Stocks tank as virus fears spur flight to safety

[Reuters] World stocks succumb to virus fears, Treasury yields hit record lows

[CNBC] 10-year Treasury yield hits all-time low under 0.7% as flight to bonds continues

[CNBC] Gold up 1% on way to biggest weekly gain in 11 years as virus risks mount

[Reuters] Oil slides by 4% after Russia rejects steeper OPEC+ cut

[CNBC] Job growth smashes expectations for February as unemployment falls back to 3.5%

[AP] US trade deficit narrows to $45.3 billion in January

[CNBC] Coronavirus live updates: Global cases top 100,000, US accuses China of setting back containment

[Reuters] Coronavirus wreaks financial havoc as infections near 100,000

[CNBC] It’s ‘unreal’ in Italy as coronavirus cases top 3,800; France infections rise sharply

[Reuters] Coronavirus cases surge across U.S. as Americans face looming outbreak

[Reuters] South Korea protests Japanese travel curbs as coronavirus ignites diplomatic row

[Reuters] China's banking regulator sees rise in bad loans, says China can absorb risks

[Bloomberg] Credit-Risk Concerns Build as Key Market Stress Indicator Surges

[Bloomberg] Sovereign Bond Yield Collapse Shows the World Is in Crisis Mode

[WSJ] Coronavirus Snarls Trans-Pacific Shipping and Ripples Through U.S. Business

[FT] Very dark signals are coming from bond markets