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  U.S. Investment Grade Credit Investor Update - 4th Quarter 2016
Posted Under: Investment Grade Credit

Market Review

Investment grade credit spreads performed well in the fourth quarter, with the option-adjusted spread on the Bloomberg Barclays Corporate Bond Index tightening 15 basis points (bps) to 123 over the three-month period ending December 31, 2016. This compares to 165 bps at the beginning of the year. In what has become a familiar theme, lower quality outperformed. In fact, the lowest quality portion of investment grade has been the outperformer in every one of the past six months. In stark contrast to credit, however, U.S. Treasuries sold off sharply during the quarter, before recovering slightly into year-end.

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Posted on Tuesday, January 31, 2017 @ 12:58 PM • Post Link Share: 
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These posts were prepared by First Trust Advisors L. P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
 PREVIOUS POSTS
Emerging Market Local Currency Review - 4th Quarter 2016
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U.S. Investment Grade Credit Investor Update - 3rd Quarter 2016
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