US corporate bond markets betray caution

Ongoing risk: Traders work on the floor of the New York Stock Exchange. While markets advance following news that Trump plans to spare automakers from some of his wide-ranging tariffs, investors worry that the Federal Reserve will be less willing to ease rates. — AFP

NEW YORK: US corporate bond markets are showing signs of caution about the economy and inflation despite a rebound in new issuances and credit spreads in the weeks since President Donald Trump first announced harsh tariffs and then provided temporary relief on them, bond market experts say.

Some 15 investment-grade companies, including Google’s parent Alphabet, issued new bonds on Monday.