The Stories on Our Radar – August 20, 2020

Headlines influencing today’s markets

  • In amended report, IRS forecasts sustained low levels of W2 filings for years to come
  • Lyft suspends service in California
  • Banks exploit Ginnie Mae loophole to buy houses for less than market value, damaging MBS investors
  • Turkey chooses not to increase rates even as Lira continues to plummet
  • Textbook publishers Cengage and McGraw-Hill downgraded as colleges embrace remote learning
  • Private credit funds turn to Asia for lending opportunities
  • Johnson & Johnson sells $7.5 billion worth of bonds to finance acquisition of Momenta Pharmaceuticals
RELATED CATEGORIES: Bonds, What We're Reading

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