Corporate Bond Market Battered by Same Woes Beating Up Stocks
- Junk bond index set for worst month since January 2016
- Investment-grade debt fell by most since February tumble
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It’s not just stocks. Corporate bond investors are also spooked.
U.S. bonds, which for much of the year traded independently from equities, are tumbling in tandem with shares as concerns about rising interest rates push investors to shun risk. This pattern also appeared during slides in February and April.