KEY OBSERVATIONS
For the month of March 2020, the yield on the 10-year US Treasury Note ended at 0.67%, 48 basis points lower from the previous month. The Bloomberg Barclays US Corporate Index widened by 150 basis points to 2.72% over Treasuries. The A Rated Corporate Credit Spread increased by 115 basis points to 2.11%. The BBB Rated Corporate Credit Spreads widened by 199 basis points to 3.53%.
Key Observations
For the month of February 2020, the yield on the 10-year US Treasury Note ended at 1.15%, 36 basis points lower from the previous month. The Bloomberg Barclays US Corporate Index widened by 20 basis points to 1.22% over Treasuries. The A Rated Corporate Credit Spread increased by 19 basis points to 0.96%. The BBB Rated Corporate Credit Spreads widened by 24 basis points to 1.54%.
Key Observations
For the month of January 2020, the yield on the 10-year US Treasury Note ended at 1.51%, 41 basis points lower from the previous month. The Bloomberg Barclays US Corporate Index widened by 9 basis points to 1.02% over Treasuries. The A Rated Corporate Credit Spread increased by 7 basis points to 0.77%. The BBB Rated Corporate Credit Spreads widened by 10 basis points to 1.30%.
Key Observations
For the month of December 2019, the yield on the 10-year US Treasury Note ended at 1.92%, 14 basis points higher from the previous month. The Bloomberg Barclays US Corporate Index tightened by 12 basis points to 0.93% over Treasuries. The A Rated Corporate Credit Spread decreased by 9 basis points to 0.70%. The BBB Rated Corporate Credit Spreads tightened by 14 basis points to 1.20%.
Key Observations
For the month of November 2019, the yield on the 10-year US Treasury Note ended at 1.78%, 9 basis points higher from the previous month. The Bloomberg Barclays US Corporate Index tightened by 5 basis points to 1.05% over Treasuries. The A Rated Corporate Credit Spread decreased by 5 basis points to 0.79%. The BBB Rated Corporate Credit Spreads tightened by 7 basis points to 1.34%.
Key Observations
For the month of October 2019, the yield on the 5-year US Treasury Note ended at 1.52%, 3 basis points lower from the previous month. The Bloomberg Barclays US High Yield Index widened by 19 basis points to 3.92% over Treasuries. The BB Rated Corporate Credit Spread remained the same at 2.15%. The B Rated Corporate Credit Spread widened by 28 basis points to 3.98%. The CCC Rated Corporate Credit Spread increased by 65 basis points to 10.12%.
Key Observations
For the month of September 2019, the yield on the 10-year US Treasury Note ended at 1.67%, 17 basis points higher from the previous month. The Bloomberg Barclays US Corporate Index tightened by 5 basis points to 1.15% over Treasuries. The A Rated Corporate Credit Spread decreased by 3 basis points to 0.89%. The BBB Rated Corporate Credit Spreads tightened by 7 basis points to 1.47%.
Key Observations
For the month of August 2019, the yield on the 5-year US Treasury Note ended at 1.39%, 44 basis points lower from the previous month. The Bloomberg Barclays US High Yield Index widened by 22 basis points to 3.93% over Treasuries. The BB Rated Corporate Credit Spread decreased by 3 basis points to 2.21%. The B Rated Corporate Credit Spreads widened by 32 basis points to 4.05%. The CCC Rated Corporate Credit Spread increased by 100 basis points to 9.74%.
Key Observations
For the month of July 2019, the yield on the 10-year US Treasury Note ended at 2.02%, 1 basis point higher from the previous month. The Bloomberg Barclays US Corporate Index tightened by 7 basis points to 1.08% over Treasuries. The A Rated Corporate Credit Spread decreased by 6 basis points to 0.82%. The BBB Rated Corporate Credit Spreads tightened by 8 basis points to 1.38%
Key Observations
For the month of June 2019, the yield on the 10-year US Treasury Note ended at 2.01%, 12 basis points lower from the previous month. The Bloomberg Barclays US Corporate Index tightened by 13 basis points to 1.15% over Treasuries. The A Rated Corporate Credit Spread decreased by 12 basis points to 0.88%. The BBB Rated Corporate Credit Spreads tightened by 16 basis points to 1.46%