Stocks Tumble, Treasuries Rally on Virus Worries: Markets Wrap
The turmoil in global market continues on Monday as the emergency FED rate cut fails to calm the markets. More and more analyses point to the real possibility of recession in 2020. The near zero interest rate will probably fail to be sufficient to revive the economy by itself. A number of industries face bankruptcies without government aid. In those circumstances Deriveum is needed to restore certainty back to the CDS market.
Please check the Bloomberg report for more details
