1429 GMT - Some European corporate bonds have negative credit spreads as investors favor corporate bonds over government bonds, Bank of America credit strategists say in a note. "Investors are warming to credit because firms are deleveraging quicker than governments." This trend nonetheless presents risks of sharp corrections, they say. In the past decade, Spanish credit on average yielded less than Spanish sovereign bonds. However, when policy uncertainty increased, the corporate bond yields rose faster than government bond yields, the BofA strategists say. (miriam.mukuru@wsj.com)

(END) Dow Jones Newswires

July 18, 2025 10:29 ET (14:29 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.