The Daily Shot Brief – August 15th, 2017

Greetings,

 

The United States:Treasury bill investors remain uneasy about the debt ceiling.

Source: Bloomberg.com; Read full article

Whatever the case, US federal debt-to-GDP ratio is expected to grind higher over the next five years.

Source: John Burns Real Estate Consulting

 

Credit: Oil & Gas HY bond issuance is on the rise again.

Source: @Dealogic

 

Equity Markets: This chart shows the number of IPOs with negative earnings. In recent years, only a portion of these has been in tech.

Source: @ChrisPavese; Read full article

 

Emerging Markets: The table below shows EM nations categorized by the current economic growth and growth outlook.

Source: Capital Economics

 

The Eurozone: The ECB’s bond buying program appears to have removed the sovereign-financial system “negative spiral” (banking crises impacting sovereign risks and vice-versa). The x-axis represents each nation’s banking sector CDS spread, and the y-axis is the sovereign bond yield.

Source: Goldman Sachs, @joshdigga

 

China: Despite the deleveraging efforts, China’s debt levels continue to climb.

Source: Moody’s Investors Service

 

Global Developments: This chart shows the gross government debt-to-GDP ratio and the 10yr government bond yield for select developed economies. The US is between Spain and Portugal.

Source: John Burns Real Estate Consulting

 


Food for Thought: Obesity around the world.

Source: @FT, @PlanMaestro

Edited by Joseph N Cohen


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Thanks to Josh Marte (@joshdigga), Matt Garrett (@MattGarrett3), Joseph Cohen (@josephncohen), Ycharts.com, S&P Global, and Moody’s Investors Service for helping with the research for the Daily Shot.

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