Corporate Bonds Set for Worst Yearly Loss Since Financial Crisis
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U.S. investment-grade credit spreads are at the highest level in more than two years as the market nears the end of 2018 with the worst returns in a decade.
High-grade bonds are returning -2.75 percent this year as of the start of the final trading day of 2018, which is the biggest loss since the asset class lost 4.94 percent in 2008, according to the Bloomberg Barclays U.S. corporate index. The market has been battered by rising interest rates.