Last Monday, for the first time in its history, the US Federal Reserve announced a liquidity programme that includes buying corporate debt.
As the coronavirus spread peaks, persistence and penetration are at this point uncertain.
Bond markets price in prospect of a 25bps rate cut
Which areas should investors pay attention to?
But growth and sentiment set to improve
Still a good case for long-duration assets
$17trn of debt is now 'paying' a negative yield
Reviewing their usefulness at a time of intense volatility
Investors could experience a nasty shock, CIO argues
Manager cites liquidity risk for changes