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Spreads tighten on ‘Magnificent Seven' corporate bonds as investors take profits
AppleApple(US:AAPL) Market Watch·2023-12-27 21:44

Corporate-bond investors have been taking profits for five out of the seven so-called Magnificent Seven components of the S&P 500 SPX, according to pricing data. In a sign of stronger demand for their bonds, price spreads for the Magnificent Seven have tightened this week against 10-year Treasurys TY00, +0.53% (see chart). ...