The US corporate bond yields, as represented by Bloomberg Barclays Average Corporate Bond Yield Index, have declined to a record low of 2.03% despite debt levels as a percentage of gross domestic product soaring to record highs.
This is because the Federal Reserve is buying individual corporate bon
China left its benchmark lending rates unchanged for the second straight month despite the economy struggling to recover from the impact of the coronavirus crisis.
The one-year loan prime rate was retained at 3.85 percent and the five-year loan prime rate was maintained at 4.65 percent.
Chinese stocks fell amid falling producer prices, raising doubts about a speedy economic recovery
The Shanghai Composite index fell 0.42%, while CSI 300 index shed 0.18%.
Producer prices fell by more...