Coronavirus no match so far for ECB in corporate bonds

By Mike Turner
25 Feb 2020

The Covid-19 coronavirus outbreak has become prevalent enough in Italy to lead to a quarantine of around 10 towns. But this still doesn't appear to be enough to derail the motoring primary corporate bond market. There is plenty of justification to think that robust market conditions will last a while longer.

Global markets plunged on Monday as it emerged that the death toll in Italy had risen to five and towns in the north of the country were put on lock down. Major Western equity indices fell around 3% and the iTraxx European Main Index swung out by 3bp. 

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