sdzzok

reporter

[曹山石 @caolei1]

胰岛素带量采购。

[Bloomberg Markets @markets]

Economic confidence in the euro area continues to improve https://t.co/AySpGt3m8X

[David Rosenberg @EconguyRosie]

The Fed is going to be buying HY bonds! In addition now to the muni market and investment grade. Equities come next, I am sure. The Fed has followed the ECB, which had already followed the BoJ. As Powell’s picture goes on the hundred dollar bill, gold is going a lot higher.

[richard horton @richardhorton1]

Totally incredible. An upturn in motor vehicle usage in the UK. This is a lockdown not a Spring vacation.

[sdzzok @sdzzok]

@kaylatausche 太早了吧

[The Long View @HayekAndKeynes]

So, what just happened?

Trump issued too much debt. Markets couldn’t handle it. Repo stresses. Fed adds repo. All goo. Then OPEC set off a grenade. Treasuries ripped as oil crashed. Cash bonds vs futures are broke. Leveraged guys were deleveraging. Fed to the rescue.

[Adnan Mazarei @AdnanMazarei]

Iran has requested to borrow $5 billion from the IMF under its Rapid Financing Instrument in order to address the Coronavirus pandemic. If the IMF agrees to this loan, it would be the first IMF loan to Iran in nearly 60 years. 1 of 2

[David Rosenberg @EconguyRosie]

The fact that Treasuries, munis, and gold are getting hit tells me that everything is for sale right now. One giant margin call where even the safe-havens aren't safe anymore. Except for cash.

[Lawrence H. Summers @LHSummers]

Told @ErinBurnett @CNN: What we need is not 11 people going back-and-forth congratulating each other at a press conference. What we need is a plan that’s coherent, that is coordinated across the government and comprehensive from testing victims to helping businesses.

[Holger Zschaepitz @Schuldensuehner]

Crash in energy junk bonds. SM Energy 2027 bond dropped by almost 50% following oil price rout.

[Holger Zschaepitz @Schuldensuehner]

Currently one of the most dangerous charts in financial markets: US credit markets have grown from $2trn in 2008 to $7trn today. All driven by much more BBB and single-A paper outstanding. BBB could become junk should the economy go into recession. (Chart via DB's Slok)

[The Long View @HayekAndKeynes]

We are lost at sea. Looking for the shore.

Where do you see support?

[Dr. Komal Sri-Kumar @SriKGlobal]

What is even more impressive than UST 10yr yield dropping to a mere 82bp? UST 30yr dropping ~10bp past few hours to 1.43%. My view was thought to be outlandish when I forecast 30yr to fall to 1.50% 🙄

[Dr. Komal Sri-Kumar @SriKGlobal]

UST 10yr did not just go thru 1%, but fell to an intra-day low just above 90bp at 2:06pm ET. The 75bp target I suggested yesterday on @SquawkCNBC looking good!

[Dr. Komal Sri-Kumar @SriKGlobal]

Monetary easing to support stock market has been crux of @federalreserve post-2008 policy. Today’s 50bp rate cut was no exception. Institution needs repeated reminder that their mandate is economy and inflation, and NOT to make speculative bubble bigger

[Edward Lawrence @EdwardLawrence]

World Health Organization has now raised the risk assessment of community transmission in the US of the Coronavirus to “very high”. #Coronavirus #US #Spread

[Lawrence H. Summers @LHSummers]

We may well be at the most dangerous financial moment since the 2009 Financial Crisis with current developments between the US and China.

[Dr. Komal Sri-Kumar @SriKGlobal]

Spread between UST 3 month & 10yr at -24bp, lowest since April 2007. Great Recession began that December.

[Lawrence H. Summers @LHSummers]

A world where relations btw U.S. and China are largely conflictual could involve a breakdown of global supply chains, a splinternet (as separate, noninteroperable internets compete around the world), greatly increased defense expenditures and conceivably even military conflict.