High Yield Spreads: Still Rising / Bespoke

Good Chart from Bespoke (Blogroll)

Interest rate spreads between high yield corporate bonds and treasuries have continued to widen over the last two days indicating increased risk aversion on the part of investors.

According to the Merrill Lynch High Yield Bond index, since their lows on June 1st, spreads have now widened by over 50% from 241 to 371 basis points.