The US unemployment report for Aug showed the 2nd biggest monthly drop in US unemployment after a 2.2% reduction that occurred in June 2020. However there are a three caveats to the impressive rebound; biggest increase was driven by temporary hiring for 20202 Census and the permanent job losses continued to rise while the number of long term unemployed hardly moved.
The share of mortgages that are 90 days past due is now at a 10-year high and almost a third of the homeowners expect to miss their payments in coming months in some states.
Junk Bonds Second quarter 2020 had a massive amount of debt issuance across High Yield (HY) and Investment Grade (IG) ratings and the month of
The impact of healthcare crisis, coronavirus aka Covid-19 has been devastating with more than 119,000 deaths worldwide as of April 11. This healthcare crisis has