High-Grade Bonds Look Bulletproof With Spread Tightest in Decade
This article is for subscribers only.
What selloff? Investors in U.S. investment-grade corporate bonds don’t seem to care what’s happening in the broader market as spreads hold at their tightest level in more than 10 years.
The Bloomberg Barclays U.S. investment grade bond index has fallen to 85 basis points, the lowest level since February 2007, even as Treasury yields rose nearly 20 basis points last week and the S&P 500 Index saw its worst weekly loss in two years.