This weekly update provides a snapshot of changes in the economy and markets and their implications for investors.
Two things we said we needed – fiscal stimulus from the US government and corporate bond purchases by the Federal Reserve (Fed) – have now happened. Does that mean it ‘s time to start buying corporate bonds and, if so, how far down the quality spectrum?
The coronavirus outbreak has led to a massive global demand shock. A plunge in economic activity, probably larger than a typical recession, has likely begun.
Governments across the world are rushing to implement measures that aim to soften the economic impact of the coronavirus outbreak.