Corporate credit spreads (the yield premium over Treasuries) are near historically tight levels, in the 90th percentile of tightness based on comparisons to 1997-present data, making corporate bonds poor value relative to alternatives like mortgages that offer similar yields but are cheaper (less rich).

factualpending

Speaker

Jack

Evidence Quote

high yield spreads were 86% of the time wider... now the spread is even so it must be close to a 90th percentile uh rich

Source

The REAL Reason Unemployment Is Going Up | Jim BiancoBianco Research
Created: 8/10/2026, 3:27:13 PM

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