Global junk bonds continue to be sold off, with premiums reaching a new high since November 2023

Wallstreetcn
2025.04.04 23:27

On Friday (Non-Farm Payroll day), as the impact of President Trump's tariff plan continued to unfold and Federal Reserve Chairman Jerome Powell hinted at no rush to cut interest rates, global junk bonds continued to be sold off. The Bloomberg Global High Yield Corporate Bond Index showed that investors demanded an additional yield of 39 basis points to hold high-risk bonds instead of U.S. Treasuries, reaching 4.24 percentage points. Bloomberg's compiled data indicates that this is the highest level since November 2023, and just a day earlier, the spread recorded its largest increase since March 2020

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