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Coronavirus cracks are forming in the corporate bond market — JPMorgan

‘We see signs of credit and funding stress,’ JPMorgan analysts warns

Stress is beginning to take shape in corporate debt markets as the spread of the coronavirus chokes off crucial sales and revenues to companies — and the problems could accelerate if these companies find themselves unable to obtain funding in the coming weeks and months, according to JPMorgan analysts.

“The economic fallout from the Covid-19 crisis is raising questions about credit and funding markets,” according to a research note from a JPMorgan team led by global markets strategists Nikolaos Panigirtzoglou and Mika Inkinen.

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