The Daily Shot Brief – November 6th, 2020



Credit: Corporate bonds saw substantial inflows this week as Treasury yields tumbled.

Source: BofA Global Research, @WallStJesus


This chart shows states’ revenue shortfall this year. Since significant support from the federal government is unlikely at this point, it’s a bit surprising to see further strength in the muni market this week.

Source: @WSJ Read full article


Alternatives: Macro hedge funds are now often used as a portfolio hedge.

Source: @FT Read full article


Rates: Will the Fed focus on longer maturities in the next easing phase?

Source: BCA Research


China: Infrastructure spending has been modest compared to the post-2015 stimulus.

Source: Gavekal


Eurozone: European banks have tightened lending standards.

Source: BCA Research


Low rates have squeezed bank net-interest margins, contributing to more than a decade of underperformance. Is the bottom in?

Source: Alpine Macro


Food For Thought: Campaign spending data:

Source: S&P Global Market Intelligence

Edited by Devon Lall

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