Like the eye of a hurricane, the epicenter of coronavirus disease Covid-19 has shifted from Asia to Europe, bringing with it a rising toll of infections, deaths and economic damage. After a messy few weeks in which the region’s leaders seemed incapable of hitting on a common response to the crisis — which has hit healthcare, consumer confidence and financial ...

No one seems to know quite what to make of the stunning price drop in the largest high-yield municipal-bond exchange-traded fund. The VanEck Vectors High Yield Municipal Index (ticker HYD), with $3.6 billion in assets, was the picture of tranquility for much of the past three years. From the start of 2017 through February, its share price traded in a ...

The coronavirus pandemic is giving birth to a new doctrine in central banking. What matters most isn’t transparency or forecasts, but the ability to move quickly. One of the big themes coming out of the global financial crisis was the idea that central banks should flood the zone with information — be it dot plots, forward guidance, statements, interviews or ...