Sunday, December 3, 2017

Monday Morning Bond Market Round-Up



The short-end of the corporate market has risen from 1.91% at the beginning of September to 2.34%.  That's a pretty sharp move for shorter-dated debt.



The 3-5 year section of the corporate market has risne from 2.36%-2.76%.  But current levels are still below previous interest rate highs.




The AAA-10-year spread (top chart) and the BBB-10 year spread (bottom chart) are still very tight.



The JNK ETF is consolidating in a triangle pattern



The IEFs (7-10 year treasuries) are trading right around the 200-day EMA.