The Daily Shot Brief – September 18th, 2020



United States: Mortgage lenders continue to kick the can down the road by extending loan forbearance.

Source: @WSJ Read full article


United Kingdom: The Bank of England is contemplating negative rates.

Source: CNBC Read full article


The market has been anticipating negative rates for some time and is now convinced that the central bank will get there.

The overnight rate trajectory priced into the market:

Source: ING


China: China’s households are almost as leveraged as the US ones.

Source: BCA Research


However, they have more cash than the US counterparts.

Source: BCA Research


Energy: Since 1990, greater energy efficiency has led to a decrease in the amount of energy demanded per unit of GDP, according to IEA.

Source: IEA


Despite the heat waves this summer, the amount of US natural gas in storage rose to a five-year high last week.

Source: EIA


Credit: This chart shows US middle market loan amendments last quarter (“fixing” covenant violations).

Source: @theleadleft, @LPCLoans Read full article


Food For Thought: Second thoughts on a COVID-19 vaccine:

Source: @pewresearch Read full article

Edited by Devon Lall

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