Corporate bond spreads, the extra yield investors demand for default risk, have tightened for three years even as delinquencies and bankruptcies climbed, according to Thornburg Investment Management. Key Takeaways: Corporate credit spreads have tightened even as delinquencies and bankruptcies have climbed. Ba-rated junk bonds are trading at investment-grade Baa’s historical spread levels. TPLS finds its [...]

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