With Investors Piling Into Risky Debt, Yields Are Dropping Even Further February 10, 2021 Rates were at bottom-of-the-barrel lows during much of 2020, causing a voracious appetite for yield. This caused fixed income investors to pile into risky debt, and is now dropping yields further. In the current market landscape, Treasury yields are starting to head higher. This, in turn, could cause a flight from riskier debt and back into more safe haven government debt. In the meantime, the average yield on risky debt is starting to head lower. “The average yield on U.S. junk bonds dropped below 4...