Walt Disney Co,
JPMorgan Chase & Co and United Parcel Service Inc
were among seven major U.S. companies that accepted a
big rise in their borrowing costs to issue bonds on Thursday, as
the coronavirus outbreak roiled credit markets.
Many of Mexico's top
banking and financial brass are under quarantine or having to
work from home after having attended an annual industry bash at
a Pacific getaway last week where at least one participant later
tested positive for coronavirus.
The U.S. Federal Reserve's
balance sheet reached a record $4.7 trillion this week and banks
grabbed cut rate loans from the central bank as efforts to blunt
the economic damage of a global health crisis took hold.
Taxable bond funds shed $55.9 billion
in the week to Wednesday, the largest weekly outflow on record
according to Lipper data dating back to 1992, as markets
continued to be roiled by the coronavirus pandemic.