The U.S. announced it would delay the imposition of new tariffs on $250 billion worth of Chinese imports for two weeks.
According to Bloomberg, $74 billion worth of new investment-grade bonds were sold last week.
There are reportedly over $15 trillion worth of bonds currently trading at a negative yield.
After widening most of the week, credit spreads were unable to recoup much of their losses.
High-yield investors head for the exit.
They're looking for positive returns wherever they can find them.
Investors have been unwilling to pay up for corporate bonds.
Falling interest rates drive further gains.