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Global: As more and more countries are now facing a national lockdown, central banks have been taking coordinative actions in the past two weeks, cutting rates aggressively and announcing the launch or the expansion of asset purchase programs in order to avoid a complete meltdown of the financial system. In its second emergency meeting, the Fed did not disappoint and announced a series of measures that includes: a 100bps rate cut to 0%/0.25%, the launch of QE5 ($500 billion of Treasuries and $200 billion of MBS) and coordinated swap lines in order to