Credit investors who shrugged off an historic bout of global volatility this week are about to face a major test after yield premiums on US investment-grade corporate debt shrunk to their lowest in about three decades.
Spreads, or the extra yield above Treasuries that investors demand for owning the high-quality company debt, tightened to just 71 basis points,
With major tech companies needing trillions of dollars to fund their artificial-intelligence buildout plans, those levels may be fleeting, according to