Here’s what junk bonds are saying now about the value of Treasury bonds - MarketWatch

1. Junk-bond spreads are at their lowest levels since summer 2007. 2. Historically, low spreads often precede wider spreads within 12-24 months. 3. Current junk spread is 2.73%, below 97% of monthly readings since 1997. 4. Investors may favor Treasurys over junk bonds amid low spread concerns. 5. The iShares Broad High Yield Corporate Bond ETF is most impacted.