Monetary policy outweighs virus fears

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Monetary policy outweighs virus fears

Lagarde
11 February 2020, France, Straßburg: Christine Lagarde, President of the European Central Bank, addresses the Members of the European Parliament in the plenary chamber of the European Parliament. Lagarde presents the ECB's Annual Report of 2018 in the European Parliament. Photo: Philipp von Ditfurth/dpa | Philipp von Ditfurth/DPA/PA Images

Investors in the SSA market are piling into long dated bonds, leaving aside any coronavirus-driven fears and swelling the order books on 30 year and 50 year paper to record breaking levels, in what bankers are calling a 'one way market'.

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