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Purdie: Covid-19 has caused some irrational behaviour
While concerns around credit market liquidity have been rising since the global financial crisis, the Covid-19 sell-off has highlighted how fragile liquidity can be during periods of real stress. Colin Purdie discusses the short- and long-term implications for investment grade and high yield credit globally.
The Covid-19 pandemic, and the knock-on disruption it is causing to economies and businesses, has changed everything - triggering a sell-off in credit assets that has been exacerbated by a structur...
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