As the chart below shows, BAA bonds are yielding more that 200 basis points more than similar maturity Treasuries.
As recently as July of 2007 spreads were 40 basis points lower.
Friday, October 12, 2007
Corporate/Treasury Spreads Widen
In a further confirmation of the problems in US debt markets, corporate bonds are being pushed farther off US Treasuries.
As the chart below shows, BAA bonds are yielding more that 200 basis points more than similar maturity Treasuries.
As recently as July of 2007 spreads were 40 basis points lower.
As the chart below shows, BAA bonds are yielding more that 200 basis points more than similar maturity Treasuries.
As recently as July of 2007 spreads were 40 basis points lower.
