Global Corporate Bond Yields Decline to Record After Fed Minutes
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Yields on corporate bonds worldwide fell to a record low yesterday after Federal Reserve policy makers signaled readiness to boost stimulus options.
Borrowing costs for the most creditworthy to the riskiest companies fell to an unprecedented 3.76 percent yesterday, from 3.8 percent on Aug. 21, according to Bank of America Merrill Lynch index data. Yields on global investment-grade debt dropped to a record 2.97 percent.