Of course wider spreads have in part been driven by falling treasury rates, but the effective yield of this index hasn't returned to April 2011 levels either.
Tuesday, February 7, 2012
Investment Grade Credit Spreads
The Dow may be making new multi-year highs today, but one market that hasn't fully recovered from last year's decline has been corporate credit. As shown below, BBB spreads are still elevated compared to where they were in May of last year.
Of course wider spreads have in part been driven by falling treasury rates, but the effective yield of this index hasn't returned to April 2011 levels either.
Of course wider spreads have in part been driven by falling treasury rates, but the effective yield of this index hasn't returned to April 2011 levels either.
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