Credit spreads showed some stability this week which was impressive given the deluge of new issue supply.  It looks as though the period will finish on a positive note based on price action this Friday morning.  The OAS on the Corporate Index was unchanged at 87 basis points this week through Thursday.  The 10yr Treasury […]

Credit spreads finally experienced their first bout of widening in 2025.  Now, to be clear, we are not talking about much of a move in the grand scheme of things. Although the index closed Thursday at its widest level of 2025 it sits only 7 basis points off the tights.  The OAS on the Corporate […]

Credit spreads remained near their tightest levels of 2025 during the holiday shortened week.  The option adjusted spread of the Bloomberg US Corporate Bond Index closed at 78 on Thursday February 20 after closing the week prior at the same level.  The 10yr Treasury yield did not exhibit much change during the week and was […]

Credit spreads remained near their tightest levels of 2025 during the week.  The option adjusted spread of the Bloomberg US Corporate Bond Index closed at 79 on Thursday January 30 after closing the week prior at 78.  The 10yr Treasury yield moved lower on Monday morning and then traded in a tight range thereafter.  The […]

Credit spreads for most bonds were unchanged on the week as the Index has exhibited little movement in either direction thus far in 2025.  The Bloomberg US Corporate Bond Index closed at 80 on Thursday January 16 after closing the week prior at the same level.  The 10yr Treasury made a meaningful move lower in […]

Credit spreads traded sideways this week, remaining near year-to-date tights.  The Bloomberg US Corporate Bond Index closed at 78 on Thursday December 5 after closing the week prior at the same level.  The 10yr Treasury is less than 1bp higher over the course of the past week, closing at 4.169% last Friday and 4.176% through […]

Credit spreads were largely unchanged during the week.  The Bloomberg US Corporate Bond Index closed at 78 on Thursday November 21 after closing the week prior at the same level.  The 10yr Treasury was also little changed during the period, closing at 4.44% last Friday and 4.42% this Thursday.  Through Thursday, the corporate bond index […]

Credit spreads inched wider this week, just off their tightest levels of the year.  The Bloomberg US Corporate Bond Index closed at 77 on Thursday November 14 after closing the week prior at 74.  The 10yr Treasury moved from 4.30% last Friday to 4.43% through Thursday and it is a few basis points higher this […]

Credit spreads ripped tighter this week.  The Bloomberg US Corporate Bond Index closed at 75 on Thursday November 7 after closing the week prior at 83.  The index finished Thursday at its tightest level of 2024.  The 10yr moved from 4.38% last Friday to 4.33% through Thursday but that does not tell the whole story […]

Credit spreads moved slightly wider this week but remain just 5 basis points off YTD tights.  The Bloomberg US Corporate Bond Index closed at 84 on Thursday October 31 after closing the week prior at 82.  The 10yr moved from 4.24% last Friday to 4.28% through Thursday.  Through Thursday, the corporate bond index year-to-date total […]