The spread between the debt of industrial companies and commercial banks rated singleA or better is at its tightest level in almost a decade, according to the latest figures from Salomon Brothers.

Not since the mid-1980s, before Third World debt and highly leveraged real estate transactions decimated the industry, have bank bonds traded so near to their industrial peers.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.