Bank bond market in rude health as funds shrug off coronavirus

By Tyler Davies
30 Jan 2020

Financial institutions did not take long to return to printing new bond deals at tight spreads this week, as investors quickly got over fears about the impact of the coronavirus epidemic.

The market opened in a nervous fashion on Monday, with credit spreads drifting wider and global equity indices dropping by more than 2%.

Investors were reacting to the emergence of a new form of a coronavirus in China, which has since appeared in other countries.

There is still ...

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