Fallout from Covid-19 - a fixed income perspective

As COVID-19 moves from just a Chinese outbreak to something approaching a global pandemic event, market volatility has increased substantially and market liquidity is becoming more constrained. The economic fallout from the virus has transitioned from something akin the SARS outbreak where there was a reasonably quick V-shaped rebound in economic activity to something more U-shaped where growth takes longer to stabilise and improve.


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