
You Can Add Record-Low Investment Grade Corporate Bond Yields To November’s Milestones
November scarcely needed another market milestone, having offered up a veritable cornucopia already, but I'll toss another one out there anyway.
After a truly dramatic rally underwritten (literally) by the Fed, investment grade credit made history, as yields touched 1.82%. That tied a record-low set in August.
During the panic in March, yields hit 4.58% at the peak. Following the Fed's historic intervention in corporate credit, borrowing costs collapsed and outflows turned to inflows in both i
Cuomo is threatening to shut down NYS if testing rates and hospitalizations continue to increase. Watch out for a bond rally if that happens.