by CAPCO
Global concerns have grown since the outbreak of coronavirus, rattling investors, and equity markets worldwide. Over the last nine days, approximately nine trillion dollars have been wiped off global stocks, and investors are turning from equities to 10-year notes. However, this flight to debt has caused 10-year US Treasury rates to drop to record lows, signalling that investors are very concerned about future growth in the economy. Given the severity of the issue, we see five main themes emerging during this time…
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