US Federal Reserve chair Jerome Powell. — Bloomberg
New York: A key measure of perceived risk in the US corporate bond market edged lower Wednesday after the Federal Open Market Committee cut interest rates as it pursues a rare soft landing for the US economy.
The spread on the Markit CDX North American Investment Grade Index, which declines as credit risk decreases, tightened more than one basis point to its tightest level in two months and to hover around its narrowest since the pandemic.
