The United States:Treasury bill investors remain uneasy about the debt ceiling.
Whatever the case, US federal debt-to-GDP ratio is expected to grind higher over the next five years.
Credit: Oil & Gas HY bond issuance is on the rise again.
Equity Markets: This chart shows the number of IPOs with negative earnings. In recent years, only a portion of these has been in tech.
Emerging Markets: The table below shows EM nations categorized by the current economic growth and growth outlook.
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.
China: Despite the deleveraging efforts, China’s debt levels continue to climb.
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.
Food for Thought: Obesity around the world.
Edited by Joseph N Cohen
To receive the Daily Shot Premium, you need to be a subscriber to The Wall Street Journal. The Daily Shot readers qualify for a special membership offer of $1 for 2 months and can join simply by clicking here.
If you are already a WSJ member, you can sign up for The Daily Shot at our Email Center by clicking here.
The Daily Shot Premium is also available online at DailyShotWSJ.com
If you have any issues at all, please contact a Customer Service representative by calling 1-800-JOURNAL (1-800-568-7625) or sending an email to firstname.lastname@example.org.
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.
We would also like to thank the Federal Reserve Bank of St. Louis for the incredible job they have done providing data and graphics to the public. Here is the credit and legal notice related to all FRED charts: FRED® Graphs ©Federal Reserve Bank of St. Louis. All rights reserved. All FRED® Graphs appear courtesy of Federal Reserve Bank of St. Louis. http://research.stlouisfed.org/fred2/
Contact the Daily Shot Editor: Editor@DailyShotLetter.com