The high yield bond market is fragmented in nature and primarily trades over the counter. Each bond carries unique credit risk, coupons, maturities, optionality and levels of liquidity. Bilateral trades introduce counterparty risk, which investors consider ...
The historic drop in long-term U.S. bond yields comes shortly after interest rates on the closely watched 10-year and 2-year Treasurys inverted. The inversion of this key part of the yield curve has previously been a reliable indicator of economic recessions. "The yield curve inverted ...