Monetary policy outweighs virus fears

Lagarde
By Lewis McLellan
12 Feb 2020

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'.

Last week, a sharp rally in government bonds caused concerns around the long end in the rates market

But these fears appear to have receded and investors are once more scooping up the highest yields on offer in the SSA sector.

A London-based portfolio manager said: "The impact of ...

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