Corporates Soar
Friday, July 30th, 2010
Hickey and Walters (Bespoke) submit:
The big gain in Treasuries has been a major business news headline over the past few months. But the corporate bond market has also been doing exceptionally well. Below is a chart of the investment grade corporate bond ETF — LQD. The ETF has gained more than 5% since the start of June, and has now been trading about two standard deviations above its 50-day moving average for many weeks now.
click to enlarge
