(Reuters) - That was the biggest move since February 27, when Chinese stocks sold off sharply, hurting risk appetite worldwide and causing high-grade corporate spreads to widen by 3 basis points.
Average yields on investment-grade corporate bonds ended on Friday at their widest level since May 2005, when the downgrades of Ford Motor Co. and General Motors Corp. to junk status jarred the debt markets and curbed investor appetite for risk.
Read more at Reuters.com Bonds News
Average yields on investment-grade corporate bonds ended on Friday at their widest level since May 2005, when the downgrades of Ford Motor Co. and General Motors Corp. to junk status jarred the debt markets and curbed investor appetite for risk.
Read more at Reuters.com Bonds News
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