United States: Mortgage forbearance requests have slowed.
Eurozone: Lufthansa bonds tumbled after Thiele’s threat to block the rescue plan because it dilutes current shareholders (see story).
China: The PBoC has emphasized long-term liquidity injections this year.
Equities: Large firms are sitting on a great deal of cash.
Credit: High yield debt issuance this month has been unprecedented.
Food For Thought: The structure of CEO compensation:
Edited by Daniel Moskovits
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