On March 3rd, authorities at the Federal Reserve unanimously voted to step in front of the runaway Coronavirus train. Concerned COVID-19 posed “evolving risks” to an otherwise “strong” U.S. economy, the Fed slashed overnight rates 50bps. Investigators continue to sift through the rubble but initial reports suggest a wide debris field.
Download file below for full content:
Canso Corporate Bond Newsletter – March 2020
