For more charts, see our MacroChartmania.
Basically, a real improvement in risk appetite is unlikely until some of these combo materialize: RoW growth rate for COVID-19 cases slows, oil price rebounds or funding/liquidity stress significantly decreases (see our G7 Policy Tracker to follow the latest Fed’s monetary policy tweaks to facilitate access to USD funding).
Important note: The March Employment Report that is due today at 12:30 GMT is the most useless number released this week. Due to methodology (the Labor Department’s surveys took place during the week that contains the 12th day of the month), it is unlikely to show labor market disruption related to the COVID-19 outbreak. Investors will need to wait for the April Employment Report to be released on May 8 to assess the real impact.