Greetings,
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
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 support@wsj.com.
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
Subscribe to the Daily Shot Brief
