Blocks and converts thrive despite coronavirus panic

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ABBs-Block Trades

Blocks and converts thrive despite coronavirus panic

Aidan Gregory, 
Sam Kerr
March 05, 2020 06:15 PM
Worker_NYSE_miserable_575x375_PA_March5_2020.jpg
February 27, 2020, New York, NY, USA: Traders work on the floor at the closing bell of the Dow Industrial Average at the New York Stock Exchange in New York. Markets plunged for the sixth consecutive day on Thursday, with coronavirus fears shaving over 1,100 points off the Dow, its biggest in history. Markets plunged for the sixth consecutive day on Thursday, with coronavirus fears shaving over 1,100 points off the Dow, its biggest in history. The S&P 500 drop by 10\% from its all-time high at rate faster than it ever has before. (Credit Image: © Bryan Smith/ZUMA Wire) | Bryan Smith/Zuma Press/PA Images

The most brutal equity market sell-off since the 2008 financial crisis rocked equity capital markets last week. But the primary market remains open, with investors open to block trades and the increased volatility benefitting convertible bonds, report Sam Kerr and Aidan Gregory.

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