May 2024

KEY OBSERVATIONS
For the month of May 2024, the yield on the 10-year US Treasury Note ended at 4.50%, 18 basis points lower from the previous month. The Bloomberg US Corporate Index tightened by 2 basis points to 0.85% over Treasuries. The A Rated Corporate Credit Spread decreased by 2 basis points to 0.72%. The BBB Rated Corporate Credit Spread decreased by 3 basis points to 1.04%.