Greetings,
Credit: Puerto Rico’s general obligation debt took another leg down.
Here are the updated Moody’s ratings for each state’s general obligation debt.
Europe: The Catalonia jitters had generated record levels of trading in Spanish government bonds.
But the concerns appear to be easing now as the bond curve flattens (investors roll into longer maturities).
Asia: This chart compares the internet penetration by age group between China and the US.
Emerging Markets: Overall, EM shares continue to advance.
And EM corporate high-yield bonds have become quite popular.
Equity Markets: The semiconductor sector is having an amazing year.
There is more pain in the retail sector.
Food for Thought: Paper money transaction volume is shrinking (relative to total transactions).
The age distribution for US religious groups.
Edited by Paul Menestrier
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Thanks to Josh Marte (@joshdigga), Matt Garrett (@MattGarrett3), Joseph Cohen (@josephncohen), Ycharts.com, S&P Global, and Moody’s Investors Service for helping with the research for the Daily Shot.
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