Industrial bond spreads have shrunk to their narrowest since before the credit crisis, in August...

|By:, SA News Editor
Industrial bond spreads have shrunk to their narrowest since before the credit crisis, in August 2007 - just 130 basis points over similar-maturity Treasurys. "It’s really crazy how fast we came in," says a Citigroup strategist. "Where’s the value from here? It’s hard to see much value in the corporate space."