A rally in the US Treasury market in February caused yields on long-dated corporate bonds to tighten to their lowest levels for decades, a windfall for companies that were preparing to see increased borrowing costs this year.
As 30-year US Treasury yields slid to a low of 4.37% from 4.83% at the end of last year, corporate rates have been pulled lower and lower. Yields on single-A rated 30-year corporate bonds were among the most affected, according to rating agency Moody’s. At one point, the av
The week on Risk.net, July 7-13, 2018Receive this by email