Debtwire Middle-Market – 3/9/2020

HY bond and leveraged loan volatility surges
in face of coronavirus fears

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Source: Debtwire Par, Markit, ICE BofA

High yield bond and leveraged loan volatility has surged in the last three weeks. After initially brushing off coronavirus fears for most of the month of February, the leveraged loan and high yield bond markets started to react in the latter part of the month as equity market falls reverberated through to the credit markets.