News

US corporate bond spreads recover on promising economic data

U.S. corporate bond spreads, the premium over Treasuries that companies pay for debt, are starting to recoup some lost ground after recent strong economic data increased hopes for interest rate cuts and calmed recession fears. Junk bond spreads finished Wednesday at 346 bps, also 3 bps tighter this week, according to the ICE BofA High Yield Index.

Oil Halts Two-Day Drop on Iran Tensions, Strong US Retail Sales

(Bloomberg) -- Oil pushed higher after a two-day drop as jitters surrounding a potential Iranian attack on Israel and a strong US economic reading overshadowed persistent demand fears.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionThe Cross-Continental Race Using Only Public TransitWest Texas Interme