Insignia Consultants | US corporate bond spreads hit widest in about 6 months on recession fears
US corporate bond spreads hit widest in about 6 months on recession fears
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March 12 (Reuters) - The spreads between the yields on corporate bonds and U.S. Treasuries hit their widest since September this week, pointing to mounting investor worries about recession and a global trade war.
U.S. investment-grade bond spreads hit 94 basis points on Tuesday, their widest level since Sept. 18, according to the ICE BofA Corporate Index (.MERC0A0), opens new tab. Junk bond spreads widened to 322 bps, also their widest since Sept. 18, according to Tuesday's late update of the ICE BofA High Yield Bond Index (.MERH0A0), opens new tab.
