HSBC's Steven Major: “US yields at highs for the year are starting to look disruptive for other regions and sectors in global fixed income.” bloomberg.com
Investment-grade bond yields have risen to the highest levels since 2009, more than tripling since the December 2020 low to 6.3% currently.
Yields on junk bonds have surged to 9.25%, still below March highs but still ticking up. Credit spreads aren't insulating corporate bonds from rates-induced pain. Higher borrowing costs are becoming a fundamental risk, and spreads are rising too as a result.
Loading suggestions...