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Brian Chappatta

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.

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

By

Brian Chappatta

March 19, 2020, 10:15 PM UTC

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.