Summary
- This note covers key statistics for the U.S. corporate bond market as of October 8, 2024.
- 57 percent of senior fixed-rate bonds showed price declines for the day.
- 41 percent of losses were due to both Treasury yield changes and credit and liquidity factors.
- The performance attribution analysis parses price changes into changes due only to Treasury yield changes, changes due to credit and liquidity factors, and changes due to both factors.
- For investment strategies consistent with this post, please see our investment group The Corporate Bond Investor on SeekingAlpha.
Analysis of Reasons for Today’s Bond Price Changes
From Kamakura’s KRIS® service, we summarize the bond price changes and their causes for the senior fixed-rate bonds with at least $1 million in volume for the day:
Now we turn to the 20 most heavily traded corporate bonds and explain the reasons for their price changes in this chart:
These price…
