Quarterly market round-up
Flash Stats - Q1 2020
06 Apr 2020 - Estimated reading time: 3 minutes
In our regular market round-up, we take a look at what's happened in Q1 2020.
Global equity and credit markets fell sharply as the COVID-19 pandemic brought the global economy to a halt. Global sovereign bond yields also fell in anticipation of slowing growth and significant central bank stimulus.
Some of the changes in Q1 2020 include:
- Q4 GDP numbers were broadly in-line with recent trends - a modest slowdown year-on-year.
- Falling domestic demand globally and steep oil price declines are creating deflationary dynamics.
- Developed market sovereign bond yields have been pushed near record lows, however, have not been immune to volatility as investors liquidated bonds in a dash for cash in March.
- Sterling investment grade spreads rose 1.34% p.a., more than offsetting any benefit from falling underlying government bond yields.
Download our update of all key market trends and statistics over the quarter to find out more.