Greetings,
Equities: M&A activity has been surprisingly robust.
Rates: The Fed decided to boost repo financing to make sure that money markets continue to function smoothly.
Energy: Drilling at the largest US shale plays is unprofitable at current prices.
Emerging Markets: Lebanon is defaulting.
China: Airline passenger traffic remains depressed.
Food for Thought: Who can work from home?
Edited by Devon Lall
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