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An notable pair of headlines from BBG that has...>

EU
EU: An notable pair of headlines from BBG that has triggered a bit of market
confusion, first at 1022BST: "*EU COMMISSION TO PROPOSE ISSUING 500 BILLION IN
JOINT EU DEBT" suggesting that this is how the bulk of the EUR750bln in the
Commission's plan (per earlier headlines from multiple outlets) would be funded.
- But then at 1042BST: "*CORRECT: EU COMMISSION PROPOSES ISSUING EU500B IN
GRANTS", suggesting that the initial headline on joint debt issuance was
incorrect. Though the initial headline does chime with the Franco-German plan to
have the Commission borrow funds, repaid through the joint EU budget.
- May have to wait until 1230BST/1330CET to find out more when EC's von der
Leyen delivers a speech to the European Parliament outlining the plan.
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