Corporate bonds sink fast in one of worst tumbles since 2000
“You need to rifle through 18 years of history to find selloffs that compare to the one corporate bond investors are now enduring. Debt of American companies just posted their third-worst 100-day returns since 2000, according to a JPMorgan Chase & Co. index, as tighter monetary conditions leave their mark on high-quality bonds with longer maturities.”
USAGOLD note: An unwelcome and debilitating consequence to rising interest rates. . . . .