Bond Yields Move Higher Ahead of Any Fed Rate Decision

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.
Yield Table

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