CORPORATE DEBT MARKET
STATE OF CORPORATE DEBT MARKET
Debt Outstanding & Issuance: | Outstanding $10.760 trillion ⇧ 5.5% YoY. |
Issuance $1.651 trillion LTM ⇧ 32.6% YoY. |
Corporate Bond Yields: | Aaa bond Yield: 5.24% ⇧ 61 bps YoY |
Baa bond Yield: 5.95% ⇧ 18 bps YoY |
Spread to U.S. Treasuries: | Aaa spread: 78 bps Avg historical spread: 150 bps |
Baa spread: 147 bps Avg historical spread: 253 bps |