For two years, yield hungry investors have chased yield across the bond market. Rising interest rates and a seemingly "easy money" equities market caused bonds to lose favor at the beginning of March.
So far this week, various market miracles "saves" of headlines and Fed speeches haven't been able to sustain the rising upward momentum investors have become accustomed to through the 1st quarter of this year. Friday will mark the end of the quarter and fund managers with stellar reports (and fees) are unlikely to leave profits on the table. They'll need somewhere to park money waiting for the next end-of-quarter run up or miracle such as QE. Corporate bonds with a 4.26% dividend would be a logical holding tank.
iShares iBoxx Invest Grade Corp Bond (NYSEARCA:LQD) offers one of the best yields available for investment grade corporate bonds.