2022: US junk and high-grade bond spreads tightened, reflecting recession fears decline and positive economic outlook.
US junk and high-grade financial bonds' spreads have tightened this year, indicating a positive economic outlook as recession fears decline. Goldman Sachs predicts US junk bond spreads will narrow to 291 basis points by year-end. High-grade financial bond yield premiums may fall below non-financials in 2023, with the US high-grade bond market experiencing increased issuance in the first quarter.
March 29, 2024
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