Corona and TALF 2.0 – new opportunities ahead

Coronavirus reshuffles the bond markets

By: Joern Wasmund

The pandemic is putting pressure on government bonds and making corporate bonds interesting again.

Responses to the pandemic

Covid-19 uncertainty cuts both ways. We remain cautiously optimistic that catastrophic outcomes can be avoided, partly due to swift fiscal and monetary-policy responses.

How the Fed failed to alleviate market fears

The Fed cuts interest rates to almost zero. Markets seem to interpret this as an act of monetary helplessness. It looks like some policy responses are as scary as the virus itself.

ECB standard package on a historical day

Amid severe market collapses, dramatic corona measures and energetic central banks in the UK and United States, the ECB package was somewhat underwhelming.

Oil-price shock adds to corona worries

The war for market share among oil producers has further tested investors' nerves, which we urge not to lose in these markets.

That sinking feeling

Even before the Fed cut, real U.S. interest rates had fallen into negative territory. What does this mean.