Market Update: October 2017
INVESTMENT ADVISORY SERVICES: FEATURED ECONOMIC INDICATOR
Corporate Spreads Tightening
Corporate spreads, or the difference in yields on a corporate bond and a Treasury bond with a similar maturity, have generally declined over the past year. In part, this reflects strong overall credit conditions as the default rate in the year ended in August fell to 2.9% according to Moody’s Investors Services. Read more...