Virus vol keeps bank bond market on lockdown

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Virus vol keeps bank bond market on lockdown

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A man wearing a face mask walks past an electronic stock board showing Japan's Nikkei Stock Average in Tokyo, Japan on February 26, 2020. The Nikkei Stock Average closed 0.79 percent lower at 22,426.19, for the fears of the global economic impact on the coronavirus outbreak. (Photo by AFLO) | Daisuke Asauchi/AFLO/PA Images

Banks are delaying their plans to raise funding in the euro market, as credit spreads drifted wider on news about the spread of the Covid-19 coronavirus.

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