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Junk Bond Yields Gap From High-Grade

Spread hits widest point since December 2009 on slower growth, Euro debt.

By Lisa Abramowicz | Updated on August 18, 2011

High-yield debt is diverging from investment grade at about the most since December 2009 on signs the U.S. economy is slowing and Europe’s debt crisis is worsening.

The gap between relative yields on junk bonds and investment grade reached 502 basis points yesterday and was as wide as 530 basis points on Aug. 11, the most since Dec. 1, 2009, Bank of America Merrill Lynch index data show. The difference has soared from this year’s low of 301 basis points.

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