Wednesday’s links

  1. The world needs a new attitude towards debt – FT editorial
  2. House Democrats release new $3 trillion bill in response to coronavirus – WSJ
  3. Is the Fed really providing “support”? – Jeff Snider at Alhambra
  4. CLOs: ground zero for the next stage of the financial crisis? – Financial Times
  5. Fed chairman Powell torpedoed the notion of negative rates. But said more was needed. That is most likely “yield curve control” – Samuel Rines, Avalon
  6. Traders Keep Bets on Negative Fed Rate in 2021Alex Harris, Bloomberg