The Daily Shot Brief – March 19th, 2020



Rates: Investors are flooding into Treasury bills, rapidly shrinking their portfolio durations. T-Bill yields have turned negative..

Source: The Daily Shot


Credit: Credit markets are under severe pressure. Here are high-yield bond spreads:

Source: The Daily Shot

And investment-grade bond spreads:

Source: The Daily Shot


Commodities: Precious metals continue to struggle as investors give up on safe-haven assets.

Source: The Daily Shot


Emerging Markets: EM outflows are already more severe than the 2008 crisis.

Source: IIF


Global Developments: Online search data show a massive drop in consumer activity.

Source: Arbor Research & Trading



Food for Thought: States’ recession readiness:

Source: @WSJ; Read full article

Edited by Daniel Moskovits

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