Fed bond purchases do little for leveraged firms
But the fact that many households and corporations must now borrow extensively just to stay afloat is a major concern.
CDS: Examining the negative basis
This week we noted that the CDS basis for names in the Markit iTraxx Europe index had gone significantly negative in March, which struck us as very unusual.
The top 10 cross-asset correlations to watch
We've noted how the COVID-19 crisis had disrupted the long-established and interactions of major asset classes. Here we look at some of the most notable asset-class pairs.
The shifting sands of sector risk… When low-volatility sectors become high-volatility — and vice versa
The coronavirus crisis has driven large changes in the relative risk of US sectors, with some low-volatility sectors turning into high-volatility sectors and vice versa.