Corporate Junk Bond Spreads Exceed 500 Basis Points For First Time in Over 18 Months

Corporate Junk Bond Spreads Exceed 500 Basis Points For First Time in Over 18 Months
Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington on June 15, 2022. Drew Angerer/Getty Images
Naveen Athrappully
Updated:
0:00

Spreads on U.S. junk-rated corporate bonds have surpassed 500 basis points for the first time since November 2020. Junk bond is another name for a high-yield bond.

On Thursday, the spread rose by 31 basis points to 508 points according to data from the Bloomberg U.S. Corporate High Yield index.
Naveen Athrappully
Naveen Athrappully
Author
Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.
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