Investors call for 'unlimited' fiscal spending

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By Mike Turner
18 Mar 2020

Governments in the Western world unleashed enormous spending packages this week to fight the economic effects of the coronavirus pandemic. But corporate bond investors want more.

The UK unveiled plans for £330bn of loans and guarantees to businesses, Spain announced €100bn of loan guarantees, France said it would guarantee €300bn of bank loans and the US is also considering an $850bn package.

"It needs to feel like there is unlimited money," said a bond strategist at an ...

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