The Daily Shot Brief – October 12th, 2017

Greetings,

 

Credit: Puerto Rico’s general obligation debt took another leg down.

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Here are the updated Moody’s ratings for each state’s general obligation debt.

Source: Moody’s Investors Service

Europe: The Catalonia jitters had generated record levels of trading in Spanish government bonds.

Source: Tradeweb, h/t J. Roderick; Read full article

But the concerns appear to be easing now as the bond curve flattens (investors roll into longer maturities).

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Asia: This chart compares the internet penetration by age group between China and the US.

Source: @craigbuj, @josephncohen; Read full article

 

Emerging Markets: Overall, EM shares continue to advance.

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And EM corporate high-yield bonds have become quite popular.

Source: @jessefelder; Read full article

 

Equity Markets: The semiconductor sector is having an amazing year.

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There is more pain in the retail sector.

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Food for Thought: Paper money transaction volume is shrinking (relative to total transactions).

Source: Moody’s Investors Service

The age distribution for US religious groups.

Source: @pewresearch, @josephncohen; Read full article

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.

We would also like to thank the Federal Reserve Bank of St. Louis for the incredible job they have done providing data and graphics to the public. Here is the credit and legal notice related to all FRED charts: FRED® Graphs ©Federal Reserve Bank of St. Louis. All rights reserved. All FRED® Graphs appear courtesy of Federal Reserve Bank of St. Louis. http://research.stlouisfed.org/fred2/


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