US Treasury Curve Flattens To New Post Great Recession Low As 60% Corporate Issuers Are Rated As “Speculative”

On the one hard, we see that the US economy is hot-hot-hot. On the other hand, we see warning signs like … the US Treasury curve has flattened to a post Great Recession low.


Throwing gas on the smoldering fire is this Moody’s report that approximately 60% of the number of rated issuers are graded speculative (rather than investment grade).

In fact, since The Great Recession medium grade bonds (Baa3-A3) bonds have jumped to 56% share of corporate bonds outstanding.



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