Greetings,
United States: Improvements in business conditions later this year may not result in stronger hiring.
In addition, online search activity suggests that the weekly new claims number is no longer declining.
Eurozone: Germans seem to support the French-German proposal to establish an EU relief fund (see story). Here is the support breakdown by party.
Equities: Financial advisors are becoming more bullish.
Credit: Spreads on short-term corporate debt have returned to pre-crisis levels.
Rates: One-year forwards on the 10-year Treasury are pricing in a yield of 0.89%, which is not far off from current levels, according to Pavilion Global Markets.
Food For Thought: The CDC’s emergency preparedness funding:
Edited by Devon Lall
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