Investors have been unwilling to pay up for corporate bonds.
Falling interest rates drive further gains.
ECB and Fed are signaling a shift toward an easy monetary policy.
Investors sold risk assets and headed to the safe havens.
Trade negotiations will be an overhang on the corporate bond market for the near term.
Investors decided to sell first and ask questions later.
They failed to follow the lead of the equity market, which hit new highs.
While the equity markets are hitting record highs, bond are taking a break.