“Most thought the Fed were going to take some action like this. I think what came as a surprise was the magnitude and the timing of the move. The Fed has gone reasonably large and reasonably early and their aim is to shore up sentiment in the market…”
In this Podcast edition of BondTalk, Head of European High Yield Tom Hanson discusses how the big shift in risk sentiment caused by the coronavirus is affecting the high yield markets. He also discusses what he makes of the Fed’s reaction and how this changes his team’s positioning during the ongoing situation. The podcast is presented Investment Specialist Stewart Duncan.