Managing Cash In Difficult Times

The sudden stop to economic activity has seen companies rush to identify and secure their liquid assets. We can see this in the sharp reduction in the volume of secondary market trading in money market and fixed income instruments. At the same time, the last two weeks have seen investment corporates raise $218bn in the bond market. In this short piece we focus narrowly on the consequences for the cash and short-term fixed income markets.

Read the full report here