The humanitarian aspect of the coronavirus outbreak remains top of mind as the US became the third hardest-hit country behind China and Italy. Governments are now initiating fiscal spending packages with considerable speed to make up for the initial slow start in responding to the economic damage from the coronavirus outbreak.
Important Risks: Investing involves risk, including the possible loss of principal. • Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall.
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