Chair Janet Yellen makes the case.
Commodity prices continued to sink across the board the last week.
Diverging global monetary policy: U.S. considers tightening whereas rest of world is easing.
Treasury yield curve rises and flattens as probability of December interest rate hike climbs.
Monetary easing will heighten demand for corporate bonds.
China cuts rates; ECB hints at easier euro to come.
Return of the megamergers.
Indicative of the demand for corporate bonds, fund flows in the high-yield sector increased $0.6 billion.
Third-quarter review: Declining interest rates boost Treasury returns; risk aversion hits corporate bond market.
Boosting 2015 GDP expectations.
The combination of falling commodity prices and the continuation of heightened idiosyncratic risk has increased risk aversion, leading to a significant widening in corporate credit spreads.
Federal Reserve holds off yet again on raising the fed funds rate.
FOMC meeting lining up to be especially contentious.
Next FOMC meeting lining up to be especially contentious.
Seasonal slowdown reduces new issue volume.
Crude oil prices fall to lowest level since credit crisis.
Strategic M&A activity in health-care sector remains robust.
GDP not as low as it looked; Fed commentary specifically noncommittal.
We expect the high-yield sector to continue to outperform the investment-grade sector in the second half of the year.
Greek drama interesting to watch, but not meaningful to overall picture.
Curtain coming down on Greek tragedy.
Interest rates appear poised to rise further over time as the economy improves, creating an environment in which high yield should continue outperforming investment-grade.
Fed remains on hold; waiting for stronger economic signals.
Retail sales strong enough to raise economic forecasts, but not high enough to prompt Fed to raise rates this month.
Payrolls and Other Economic Indicators Looking Better
Economic contraction in first quarter should prove to be an anomaly.
Rise in core CPI stokes inflation fears.
Weak retail sales report calls expected economic rebound into question.
U.S. employment report just right: not too hot, not too cold.
Slowing consumption, falling exports, weak energy sector lead to stagnant GDP growth.
The transaction is heavily oversubscribed.
Pace of economic growth in China slows; investors bet on additional easing.
Barclays' credit rating downgraded; UnitedHealth acquiring Catamaran.
European banks downgraded; Kraft and Heinz to merge.
Considering the historically low interest rates on sovereign bonds in developed markets, corporate bonds should perform well on a relative basis.
Fed intimates that rates will rise at a slower pace.
New issue supply starting to overwhelm demand.
Huge new issue supply easily digested by market.
Corporations finding cheaper financing in Europe.