As COVID-19 wreaks havoc on global markets, munis try to keep pace.
As fear and uncertainty over COVID-19 rapidly grow, it has sent yields for both municipals and Treasuries to never before seen low levels — begging the question if we could see zero or negative yields here in the States?
The world’s pile of negative-yielding debt has grown as the economic backdrop soured and fears of a pandemic mounted.
The bloodbath in risk assets has intensified on deepening concerns about the economic fallout from the spread of the coronavirus.
A flight to safety that saw funds in short-term bonds and utilities add cash as coronavirus dominated headlines has given way to a vigorous rally.