As always, corporates lead the way, and Treasuries are sure to follow.
* * * * * J B K * * * * *
San Francisco
The record rally in corporate bonds is showing signs of cracking, with yields rising the most in 13 months relative to government debt and new sales falling to the lowest level this year.
The extra interest investors demand to own company bonds widened 6 basis points this week to 149 basis points, according to Bank of America Merrill Lynch's Global Broad Market Corporate Index. Global company bond issuance tumbled 56 percent from last week to $19.6 billion, data compiled by Bloomberg show.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aIRe_zHb6CfU&pos=4
