Give Yourself Some Credit: - Thornburg Investment Management
Credit spreads are also a very important factor, especially for lower-quality bonds . A tighter spread applied to a particular bond can lower its interest rate, .
The influence of macroeconomic news on term and quality spreads
credit risk premiums. For instance, Jarrow and Turnbull (2000) conclude that credit (or quality) spreads are affected by common economic underlying variables, .
Declining Credit Quality Helps Highest-Grade Corporations - Income ...
Jul 16, 2012 . In fact, the scarcity value of the highest-quality part of the credit market is already reflected in the spread differential between triple-B and .