Credit markets suffer coronavirus ‘wake-up call’

By Tyler Davies
24 Feb 2020

Credit spreads lurched wider at the beginning of the week, with investors reacting to reports of further cases of the Covid-19 coronavirus outside of China. The reaction fell short of panic, but bankers said that some issuers were moving to delay their plans for bond deals.

News over the weekend detailed the spread of Covid-19 in countries including Iran, South Korea and Italy.

Italy has tried to contain the outbreak by placing 10 or so northern towns on lock-down and cancelling various public events.

There are now 2291 confirmed cases of the virus outside ...

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