Brian Chappatta, Columnist

The Credit Market’s Worst Year Since 1980 Isn’t So Bad

For all the losses of the past two months, huge new bond deals have experienced strong demand, funds are taking in cash and yield spreads signal no sign of distress.

March 12, 2021 at 11:00 AM UTC

By Brian Chappatta

Brian Chappatta is managing editor of Bloomberg News' leveraged finance and distressed debt teams. He was previously managing editor and team leader of its wealth group. Before that he was a Bloomberg Opinion markets and finance columnist and a bonds reporter for Bloomberg News.

No lack of interest here.
Photographer: Daniel Acker/Bloomberg

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The U.S. investment-grade bond market is off to its worst start to a year in more than four decades. Sounds bad, right?

For a sense of the “carnage,” consider the following: