A pandemic like no other. Governments around the world have been given little choice but to lock down communities to control the spread of SARS-CoV-2, generally referred to as coronavirus.
After a rather stifling start to the summer (hosepipe bans at the ready), the weather finally broke in mid-June, to the thrum of heavy downpours and a series of violent thunderstorms across the UK.
Cast your minds back to 2014, when the Caribbean Island of Puerto Rico, burdened by a chronic budget deficit, spooked the US municipal bond market by passing legislation to restructure some of its enormous $73bn debt pile. US Municipal Bond ETFs reeled and wider markets were spooked, the country’s debt downgraded to ‘junk’ status.