Market Currents
High yield spreads continue to tighten - the Barclays index is at 572 bps, near its low for the...
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Friday, September 7, 2012, 12:05 PM ETHigh yield spreads continue to tighten - the Barclays index is at 572 bps, near its low for the year - even as the default rate on junk bonds has quietly turned higher, notes Rom Badilla. At 2.13% (based on dollar amounts), the default rate remains well below the historical average, but spreads and defaults do tend to move together.
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