JNK - Corporate Bond Strength Is Bullish For Stocks
Earlier this month, I expressed the view that along with a temporary pullback in U.S. Treasury bond prices, we should see a continued strong rally in the corporate bond market. My view was that rising corporate bond prices are reflecting a decrease in risk aversion on the part of investors and a return of confidence in the prospects for corporate profit growth in 2019. In today's report, we'll examine the vast improvement in high-quality bonds since the start of January as I make the case that what bodes well for the corporate debt market bodes