Corporate Yields Drop to 1% Before ECB Buys Bonds: Chartby and
On the eve of Mario Draghi’s corporate-bond buying program, borrowing costs in Europe have been pushed down toward unprecedented levels. The average yield on investment-grade company notes in euros tumbled to 1.002 percent on Monday, the lowest in more than a year, according to Bank of America Merrill Lynch index data. It’s just a smidgen away from dropping below 1 percent, something that’s happened in just one other period -- the spring of 2015. To read more, click here.