US corporates stay tight as bull market rages amid Yellen replacement concerns

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US corporates stay tight as bull market rages amid Yellen replacement concerns

Yellen Leaving
Federal Reserve Chair Janet Yellen leaves after delivering remarks following a Federal Open Market Committee (FOMC) meeting in Washington, D.C. on September 20, 2017. Yellen announced that the Federal Reserve will keep interest rates unchanged and leave them at their current rate. Photo by Kevin Dietsch/UPI | KEVIN DIETSCH/UPI/PA Images

Corporate borrowers dashed to print as investment grade spreads maintained their record levels ahead of a sell-off in US Treasuries, as speculation grew that US president Donald Trump would appoint a policy hawk to replace Janet Yellen as Fed chief.

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