Corporate bonds have rallied sharply since the start of the year but investors are increasingly looking for the event that could trigger a turnround in the market.
The yield spread, or premium over government bonds, on European investment grade rated corporate bonds has tightened by 9.6 basis points, or 0.096 percentage points, on the Iboxx index since the start of the year. That compares with the 10.1bp tightening experienced throughout last year.
