US Corporate Bonds Post First Positive Monthly Return This Year
KONTAN.CO.ID - NEW YORK. US corporate bonds posted their first positive monthly return this year in May as easing inflation jitters alleviated pressure on rates and the possibility of a less hawkish Federal Reserve mitigated concerns over companies' ability to repay their debt.
Total returns as measured by the ICE BofA US corporate index, which tracks dollar-denominated investment-grade corporate debt, were 0,55% in May, Refinitiv data showed. The first positive number since November.
