Administrative Update: Please note that The Daily Shot will not be published this Friday, April 2nd.
United States: Here is a summary of price indices for all the regional manufacturing reports.
The spread between indices of prices paid and prices charged keeps widening. Without further boosting output prices, some manufacturers could face margin pressures.
Europe: Italy’s debt-to-GDP ratio rose sharply over the past year.
And more increases are on the way.
Equities: The Archegos Capital situation put some pressure on bank shares.
Call option volume continues to moderate.
Rates: Overnight repo rates are trading near (or below) zero. Will the SOFR index hit zero as well?
Credit: Median high-yield company leverage is now at pre-COVID levels. But enterprise multiples are elevated.
Food For Thought: Ideological composition of Iran’s parliament:
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com