Corporate Bonds Sink Fast in One of Worst Tumbles Since 2000
- 100-day losses comparable to two other slumps in 18 years
- Performance as bad as EM’s may temper retail allocation: JPM
Bond Market Finally Breaking Down, Says JPM's Michele
This article is for subscribers only.
You need to rifle through 18 years of history to find selloffs that compare to the one corporate bond investors are now enduring.
Debt of American companies just posted their third-worst 100-day returns since 2000, according to a JPMorgan Chase & Co. index, as tighter monetary conditions leave their mark on high-quality bonds with longer maturities.