*LAGARDE SAID TO TELL EU LEADERS GDP MAY FALL UP TO 15% ON VIRUS(BBG)
So then…
- *MACRON SAID TO TELL EU LEADERS RECOVERY NEEDS GRANTS NOT LOANS(BBG) Spain’s Prime Minister Sanchez reiterates the point
- Merkel said to Tell EU Leaders virus response Must be huge
JAPAN SAYS ECONOMY IS ‘IN AN EXTREMELY SEVERE SITUATION’- NIKKEI
So then…
- *BOJ TO DISCUSS UNLIMITED BOND BUYING AT NEXT MEETING: NIKKEI
- *BOJ TO DOUBLE PURCHASES OF CORP BONDS, CP :NIKKEI
Risk On As Stocks bid due to comments European bourse’s all > +1.25% Nasdaq not your leader as it lags +1.46% compared to Spoos +1.5 and Russell +2.83%. Bunds steady BTPs off session highs but Still +100 ticks and U.S. Yield curve 2s-30s flatter today as it try’s to take out most recent lows
