A lot of pointing to a weekend article in the...>

FED: A lot of pointing to a weekend article in the WSJ, which notes "Federal

Reserve officials are unlikely to consider using negative interest rates to

stimulate economic growth in the current coronavirus-induced downturn after

concluding the tool's clear costs outweigh its uncertain benefits...Fed leaders

see negative rates as a very last resort-and a remote one, still-worrying they

would have harmful effects on financial markets and the banking industry. More

broadly, there is little political support for the policy in the U.S."

- This of course comes after the swing in Fed Funds futures last week (do note

only the June And July '21 contracts are bid at 100.00 or higher at present).

- Although many suggest the author is a Fed "whisperer", much of the piece

covers previous comments from Fed officials, other forms of Fed communique and

notes from sell-side strategists.