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The Gist
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Global Philippines Fine Living
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INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
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June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
Buildings in the Makati Central Business District
Economic Updates
Monthly Recap: BSP to outpace the Fed in rate cuts 
May 29, 2025 DOWNLOAD
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
May 8, 2025 DOWNLOAD
investment-ss-3
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Policy rate views: Uncertainty stalls cuts
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Rates & Bonds 2 MIN READ

US high-grade corporate bond spreads lowest since 1998 after Trump election

November 11, 2024By Reuters
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NEW YORK – US investment-grade corporate credit spreads hit their lowest since 1998 this week in a sign of growing investor confidence in the US economy and in line with a surge in other risk assets such as stocks after Republican Donald Trump’s election as US president.

The spread on the ICE BofA US Corporate Index, a commonly used benchmark for high-grade debt, declined to 78 basis points on Thursday, its lowest since 1998. Spreads were at 86 bps at the end of last month.

Meanwhile, spreads in the ICE BofA US High Yield Index, which tracks so-called junk bonds, dipped to 273 basis points on Thursday, their lowest since 2007, down from 288 bps at the end of October, LSEG data on Friday showed.

The moves come amid a sharp rally in equities markets after Trump won a second term as US president in Tuesday’s election. His policies are largely expected to benefit corporations due to lower taxes and looser regulation.

The S&P 500 briefly touched the psychologically significant 6,000 mark for the first time on Friday.

Investment-grade credit index spreads narrowed 8 basis points over the week, which was the largest weekly narrowing for the index since June 2023, Daniel Krieter, director of fixed income strategy at BMO Capital Markets, said in a note on Friday.

(Reporting by Davide Barbuscia and Alden Bentley; Editing by Will Dunham)

 

This article originally appeared on reuters.com

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