The low-interest-rate environment is a favorable backdrop for developed markets to retire pandemic-related debt. Central banks, meanwhile, may soon provide guidance on how they'll start unwinding assets.
A confluence of factors over the decade since the global financial crisis has steadily nudged the corporate bond market down the investment-grade quality scale. The COVID-19 pandemic threatens to knock some issuers off the scale completely.
The recent shock felt by the Canadian economy differs from that of the Great Depression and the 2008 Crash. Vanguard Canada's Senior Investment Strategist reviews the COVID19 measures taken by the government.