From TokenPost · · 40s
High-Yield Bond Index Shows 230-Basis-Point Yield Premium
U.S. high-yield bonds trade 230 basis points above investment-grade corporate bonds.
In brief
U.S. high-yield bonds trade 230 basis points above investment-grade corporate bonds. The ICE BofA U.S. High Yield Index closed at 8.21% yield, 230 basis points above the ICE BofA U.S. Corporate Index at 5.91%. Originally reported by TokenPost.
High-Yield Index Yield
The ICE BofA U.S. High Yield Index closed Tuesday with an effective yield of 8.21%.
Corporate Index Yield
The ICE BofA U.S. Corporate Index stood at 5.91% yield.
Yield Gap
The 2.30-percentage-point difference equals 230 basis points, showing the distance between the two benchmark readings.
The main idea
The ICE BofA U.S. High Yield Index closed at 8.21% yield, 230 basis points above the ICE BofA U.S. Corporate Index at 5.91%.
