World’s Safest Company Bonds Have Worst Start to Year in Decades
- Global high-grade index falls 2.2% since the start of 2022
- Blue-chip debt faces double hit of wider spreads, higher rates
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The safest corporate bonds in the world are having their worst start to the year in just over two decades as investors brace for tighter monetary policies.
A global index of investment-grade company debt has posted total return losses of 2.2% since the start of the year, the most since data going back to 2000. The gauge is faring worse than all others in the category of credit securities outside of emerging markets.