J.P. Morgan strategists said that the Federal Reserve's interest rate hike on Wednesday and the signal of commitment to price stability formed “moderate support” for interest spreads on US investment-grade corporate bonds in the short term. Strategists, including Nathaniel Rosenbaum, pointed out that factors supporting interest spreads include high yields and the slow rate hike by the Federal Reserve, which signals that yield is relatively unlikely to soar again. As measured by the US corporate bond index, interest spreads on US high-rated corporate bonds narrowed by 2 basis points to 77 basis points on Wednesday, the narrowest level since August 10.

J.P. Morgan strategists said that the Federal Reserve's interest rate hike on Wednesday and the signal of commitment to price stability formed “moderate support” for interest spreads on US investment-grade corporate bonds in the short term. Strategists, including Nathaniel Rosenbaum, pointed out that factors supporting interest spreads include high yields and the slow rate hike by the Federal Reserve, which signals that yield is relatively unlikely to soar again. As measured by the US corporate bond index, interest spreads on US high-rated corporate bonds narrowed by 2 basis points to 77 basis points on Wednesday, the narrowest level since August 10.