Description: (Bloomberg) — The global credit machine is grinding to a halt. The $2.6 trillion international bond market, where the world’s biggest companies raise money to fund everything from acquisitions to factory upgrades, has come to a virtual standstill as the coronavirus spreads fear through company boardrooms.

Source: Bloomberg.com

Date: Feb 26, 2020

Link: https://www.bloomberg.com/news/articles/2020-02-26/coronavirus-chaos-brings-corporate-debt-market-to-its-knees

Questions for discussion:

• What does the article suggest is happening to credit markets?
• Why is this so important for the global economy?