CORPORATE DEBT MARKET
STATE OF CORPORATE DEBT MARKET
Debt Outstanding & Issuance: | Outstanding $10.969 trillion ⇧ 3.2% YoY. |
Issuance $1.848 trillion LTM ⇧ 30.2% YoY. |
Corporate Bond Yields: | Aaa bond Yield: 4.98% ⇧ 5 bps YoY |
Baa bond Yield: 5.59% ⇩ (27) bps YoY |
Spread to U.S. Treasuries: | Aaa spread: 77 bps Avg historical spread: 149 bps |
Baa spread: 138 bps Avg historical spread: 251 bps |