Greetings,
United States: Will the government extend these emergency programs? The new bipartisan bill contemplates adding a few months. Here is a comparison to the GOP’s bill introduced a few months back.
United Kingdom: The probability of the BoE taking rates into negative territory has diminished.
Energy: Brent is testing $50/bbl.
Equities: Analysts expect earnings growth to accelerate next year.
Credit: The yield on US high-yield bonds hit a record low.
Even CCC yields are at multi-year lows.
Food For Thought: Pfizer’s vaccine is not a “one-shot” procedure.
Edited by Daniel Moskovits
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