Brian Chappatta, Columnist

Bond Markets Are Veering Into a Vicious Cycle

Unprecedented mutual-fund outflows will exacerbate the stampede out of corporate and municipal debt already set in motion by the coronavirus outbreak.

March 19, 2020 at 10:15 PM UTC

By Brian Chappatta

Brian Chappatta is managing editor of Bloomberg News' leveraged finance and distressed debt teams. He was previously managing editor and team leader of its wealth group. Before that he was a Bloomberg Opinion markets and finance columnist and a bonds reporter for Bloomberg News.

The run is just beginning.
Photographer: Ander Gillenea/AFP/Getty Images

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My first thought when seeing fixed-income fund flows this week? This must be a typo.

My second thought (that’s suitable for print)? This is going to get ugly.