Volatility and recession fears roil U.S. Bond Market amid Yen turmoil and corporate borrowing pause
High-yield corporate bonds experienced a sharp increase in spreads, jumping by about 80 basis points to over 370 basis points above risk-free Treasurys, following a weak U.S. jobs report that pushed the unemployment rate to 4.3%, a three-year high. This volatility has left investors navigating significant uncertainty in the bond market.