Dysfunction in High-Grade Bond Market Rose in July, NY Fed Says
Bloomberg 2026-07-29 17:34:03
Context: The US high-grade corporate bond market experienced a significant increase in dysfunction in July, according to the Federal Reserve Bank of New York. This rise in dysfunction marks the highest level in nearly three years. The New York Fed's index tracks market stress, providing insight into the bond market's performance.
Key Facts
- The US high-grade corporate bond market saw its highest level of dysfunction in nearly three years in July, as measured by the Federal Reserve Bank of New York's index.
- The Federal Reserve Bank of New York index is a key indicator of market stress in the high-grade corporate bond market.
- The increase in dysfunction in the high-grade corporate bond market in July was notable, with the index reaching its highest level since late 2023 or early 2024, although exact comparable dates are not provided.