Thursday, March 12, 2020

Friday's News Links

[CNBC] The Fed to start buying Treasurys Friday across all durations, starting with 30-year bond

[Reuters] Stocks bounce back after pandemic-driven carnage

[Reuters] World stocks rise on spending hopes, still 

[Reuters] Nikkei plunges as much as 10% as market panic deepens; REITs pounded

[Reuters] Oil prices set for biggest weekly drop since 2008

[Yahoo/Bloomberg] Germany Pledges Unlimited Cash as EU Set to Green Light Spending

[Reuters] Central banks flash the cash as market panic drives liquidity squeeze

[AP] Pelosi, White House near agreement on coronavirus aid bill

[Reuters] China pumps $79 billion into economy with bank cash reserve cut

[CNBC] Cryptocurrencies see $93.5 billion wiped off value in 24 hours as bitcoin plunges 48%

[Reuters] Coronavirus hits politicians, sports and showbiz stars as it spreads across globe

[Reuters] U.S. 'China-bashers' seek to gain from China's coronavirus woes - China Daily

[Reuters] China government spokesman says U.S. military may have brought virus to China

[Bloomberg] Asian Central Banks Inject Funds to Calm Virus-Hit Markets

[Bloomberg] Italy’s Visco Says ECB Can Front-Load Bond Purchases If Needed

[Bloomberg] ‘This Is All Coming to a Head’: Investors React to Market Chaos

[Bloomberg] About Half of Cruise Virus Cases Asymptomatic, Study Suggests

[WSJ] Investors Are Bailing on Stock Funds at Near-Record Pace

[WSJ] Investment-Grade Bonds Could Turn to Junk Amid Global Rout

[WSJ] U.S. Hospitals Face Major Challenges as Coronavirus Spreads

[WSJ] Economists See Rising Risks of Recession World-Wide

[FT] ECB enters damage-limitation mode with pledge of more action

[FT] Markets contemplate a future in which stimulus does not work

[FT] Cost of US corporate default protection soars

Thursday Evening Links

[CNBC] Japan and South Korea markets fall more than 6% as Asia markets sell off

[CNBC] Stock futures point to more losses Friday following market’s worst day since ‘Black Monday’

[CNBC] Dow plunges 10% amid coronavirus fears for its worst day since the 1987 market crash

[Reuters] Markets suffer record meltdown as global coronavirus alarm grows

[CNBC] Fed to pump more than $1 trillion in dramatic ramping up of market intervention

[CNBC] The credit markets are signaling a bigger problem is afoot despite the Fed’s interventions

[Reuters] Wall Street enters bear market as Europe travel ban stuns investors

[CNBC] European stocks close 11% lower in worst one-day drop ever on coronavirus fears

[Reuters] Euro falls as markets unimpressed with ECB stimulus; dollar up sharply

[Reuters] High-yield U.S. bonds suffer more pain as credit woes increase

[CNBC] Oil drops as much as 8%, on pace for worst week in more than a decade

[CNBC] Coronavirus live updates: France shutters schools, New York bans gatherings over 500

[CNBC] House Democrats’ coronavirus bill delayed as GOP pushes to include Trump proposals

[Reuters] U.S. House can fix 'unworkable' coronavirus bill in 24 to 48 hours -top Republican

[CNBC] Coronavirus live updates: Princess cancels cruises for 2 months, MLS suspends season

[Reuters] ECB ramps up stimulus in virus fight but stops short of rate cut

[CNBC] Fed pumps $198 billion into short-term bank funding operations amid big demand

[AP] European Central Bank to buy up to 120 billion euros in bonds, add cheap credit for banks to cushion virus impact

[AP] The Latest: In Italy, hospitals overflow with the dead

[Reuters] UK coronavirus cases rise 29% to 590 in a day, total of 10 dead

[Bloomberg] Treasuries Fail to Hold Gains Spurred by Fed’s Rescue Attempt

[Bloomberg] Bond ETFs Facing Toughest Liquidity Test Yet in Virus Turmoil

[Bloomberg] Risk Parity Trade Made Famous by Ray Dalio Is Now Ringing Alarms

[Bloomberg] Coronavirus Triggers the Worst Market Crash Since 1987

[WSJ] Fed to Inject $1.5 Trillion in Bid to Prevent ‘Unusual Disruptions’ in Markets

[WSJ] Everything Is Going Wrong All at Once for U.S. Banks

[WSJ] Oil Markets Point to a Lasting Glut of Crude

[FT] Fed promises to pump trillions of dollars into financial markets

[FT] Cracks in US Treasury market could spell trouble for the system

[FT] Lagarde triggers investor jitters as ECB launches virus stimulus

[FT] Strains in US government bond market rattle investors

[FT] More than 190m Europeans face life under coronavirus controls