‘Carnage’ in Asian bonds as Covid-19 fears deepen

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By Addison Gong, Morgan Davis
12 Mar 2020

Asian bonds showed some signs of life mid-week after markets collapsed on Monday. But that reprieve proved to be extremely short-lived, as another round of panic selling on Thursday left issuers with little choice but to put their deals on hold. Morgan Davis and Addison Gong report.

When the Asian market opened on Monday, it was “absolute carnage”, as one DCM head put it. The price of crude oil dropped by more than 30% after Saudi Arabia and Russia kicked off a price war over the weekend. US Treasury notes followed, falling below 0.5% for the ...

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