The yields of U.S. Treasuries rose 27 basis points last week, as the yield of the S&P/BGCantor Current 10 Year U.S. Treasury Index jumped from 2.13% to 2.40% to close the week (as of June 5, 2015). The return of the index is down 2.43% for the month and has returned -0.86% YTD.
Following the Treasuries’ lead, the yield of the S&P U.S. Investment Grade Corporate Bond Index widened by 24 bps for the week to 3.14% (as of June 5, 2015). This brings the yield of the index back up to levels that have not been seen since January 2014. The return of the index is down 1.61% MTD and 0.53% YTD.
The yield of the S&P U.S. High Yield Corporate Bond Index also widened for the week. The yield of the index as of Friday, June 5, 2015, rose to 6.38% from 6.11% over the course of a week. The index has lost 0.79% for the month and has returned 3.98% YTD.
The rise in yield was less pronounced for the S&P/LSTA U.S. Leveraged Loan 100 Index as the index’s yield rose by only 5 bps to close the week at 4.86%. The index has returned -0.22% for the month and 2.41% YTD.