FT News Briefing Black Americans’ unease with official embrace of Juneteenth
Jun 18, 2021
Investors are showing a shrinking premium for corporate debt, reflecting changing market dynamics. Tensions rise between Hong Kong and Taiwan, threatening crucial trade ties. The recognition of Juneteenth by corporations has sparked skepticism among Black Americans, who question the sincerity behind these gestures. Many feel it’s more about public relations than genuine commitment to equity. The discussion highlights the contrast between the swift acknowledgment of Juneteenth and the slow progression on systemic voting rights.
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Corporate Bond Market Trends
- Investors are buying corporate bonds due to increased confidence in economic recovery and low interest rates.
- This demand significantly lowered the difference between corporate and treasury bond yields.
Hong Kong-Taiwan Tensions
- Rising tensions between Hong Kong and Taiwan are hurting their economic relationship.
- The potential closure of liaison offices will disrupt trade and financial operations.
Juneteenth Concerns
- Many Black Americans view corporate Juneteenth celebrations as performative.
- They desire meaningful change in hiring, promotion, and pay practices.