Brian Chappatta, Columnist

Bond Markets Are Veering Into a Vicious Cycle

Unprecedented mutual-fund outflows will exacerbate the stampede out of corporate and municipal debt already set in motion by the coronavirus outbreak.

The run is just beginning.

Photographer: Ander Gillenea/AFP/Getty Images

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My first thought when seeing fixed-income fund flows this week? This must be a typo.

My second thought (that’s suitable for print)? This is going to get ugly.