That extreme is unfolding right now in the yield spread of A-rated U.S. Corporate Bonds vs. Treasuries, which has converged its most narrow since 1997. EWI’s Murray Gunn shows the hair-raising chart itself — and explains why this is “unsustainable” and points to a “change in sentiment dead ahead.”
You can see lots more charts you can’t see elsewhere, in page after page of the just-published February issue of Global Market Perspective. See below for more about subscribing.
