July 2020

KEY OBSERVATIONS
For the month of July 2020, the yield on the 10-year US Treasury Note ended at 0.53%, 13 basis points lower from the previous month. The Bloomberg Barclays US Corporate Index tightened by 17 basis points to 1.33% over Treasuries. The A Rated Corporate Credit Spread decreased by 16 basis points to 0.97%. The BBB Rated Corporate Credit Spread tightened by 21 basis points to 1.73%.