The performance of the U.S. corporate bond market in the first quarter of the year was generally flat, though there were notable distinctions between the high-grade and high-yield sectors.
Bonds issued by companies with higher credit ratings (BBB and above) experienced a slight downward trajectory, as showed by theiShares iBoxx $ Investment Grade Corporate Bond ETF(NYSE:LQD). Conversely, lower-rated companies boasting higher yields showed modestly positive performance, as indicated by theiShares iBoxx $ High Yield Corporate Bond ETF(NYSE:HYG).
Also Read: Top 10 US High-Yield Corporate Bonds With Returns Over 20% In April 2024
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