All things fixed income. Opinions mine. @BloombergRadio @Business former @gadfly https://t.co/YExR5brzUE https://t.co/oEDubcRN0q
Much of the money allocated to rescuing the US from Covid-19 shutdowns hasn't gotten into the economy yet. There's confusion & bickering around funds for states: Just a fraction of the Fed's lending facilities have been used:
If you're waiting for Hertz to liquidate its cars at fire sale prices, you might be waiting for a long time....
Disney stops paying 100,000 workers, roughly half its workforce, even as it protects executive bonus schemes and a $1.5 billion dividend payment due in July.
Nearly a third of U.S. apartment renters didn’t pay any of their April rent during the first week of the month, new data show
Real estate billionaire Tom Barrack said the US commercial-mortgage market is on the brink of collapse and predicted a “domino effect” of catastrophic economic consequences if banks and government don’t take prompt action to keep borrowers from defaulting