· The Merrill Lynch Corporate Master Index of average corporate bond yields of varying type and quality remained below 5.5% as of the end of last week. Yields on 10 Year Treasuries moved to 4.09% versus the low of 3.61% set in early October.
December 9, 2002
By Tom Moeller
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· Corporate
bond yields have remained near their cycle lows as yields on US
Treasuries have moved higher. The spread between corporates and
Treasuries returned to the range of the last three years.
· The Merrill Lynch Corporate Master Index of average corporate bond yields of varying type and quality remained below 5.5% as of the end of last week. Yields on 10 Year Treasuries moved to 4.09% versus the low of 3.61% set in early October. |
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| Merrill Lynch Bond Yields |
Nov |
Oct |
Y/Y |
2001 |
2000 |
1999 |
| Corporate Total | 5.62% | 5.94% | 6.04% | 6.50% | 7.82% | 6.96% |