Corporate Bond Market: Summer Starts to Slip Into Fall
A multitude of concerns kept investment-grade investors at bay in the first half.
GDP growth is likely to keep the Fed on track to raise rates.
Most fixed-income indexes declined in the second quarter as rising interest rates took their toll.
Investment grade struggles while high yield strengthens.
Global asset markets had a wild ride at the beginning of last week as political turmoil roiled Italy's sovereign bond market.
The corporate bond market couldn't maintain momentum in the face of interest-rate increases and new issue supply.
Higher oil prices have bolstered corporate bonds in the energy sector, especially among the lower-rated issuers.