Why coronavirus could cause a 1990s-style bubble in risk assets

“There may be too much policy easing priced into rates and bond markets, but not enough economic disruption priced into high yield and equity markets – more volatility is likely before the recovery arrives.” In Investment Week, Jon Jonsson, senior fixed income portfolio manager at Neuberger Berman comments on the implications of the coronavirus outbreak on markets and the current environment in China.

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