Federal Reserve Chairman Jerome Powell says the Fed will continue to monitor cross currents on trade, jobs and growth. Powell reiterated the Fed’s independence from political pressure. Photo: Getty ImagesThe Federal Reserve’s latest messaging is turning out well for corporate borrowers and the investors that buy their bonds. Signals from the Fed on Wednesday that it could soon start cutting interest rates not only sent Treasury yields tumbling but also led investors to demand less of a premium, or spread, to hold corporate bonds over U.S. government debt.

Source: Wall Street Journal June 20, 2019 16:41 UTC