High Yield Spreads Trying To Turn

A slight turn south in the high yield bond spreads is a small but hopeful sign of easing credit conditions. The Fed has stomped treasury yields to miniscule levels in an attempt to encourage investors to move out on the risk curve get the credit markets functioning again. Too early to tell if it is really working but a positive sign. Also a good reason to tip toe into corporate and high yield bond funds. i have been using closed end funds trading at a discount and I don't yet have any gains from price movement but I am collecting in excess of 11% percent current return.
Bespoke provided the chart.