(Bloomberg) -- ‘Buy American' has never felt this good for investors.
The total return indexes for the S&P 500 Index, U.S. investment-grade corporate bonds, high-yield debt, and sovereign and quasi-sovereign debt have risen to record levels in the wake of the Federal Reserve's signal it stands ready to lower interest rates for the first time in over a decade.
This is the first time since July 2016, when markets shook off a brief swoon following the results of the Brexit referendum, that all these asset classes have traded at their peaks simultaneously.
To contact the reporter on this story: Luke Kawa in New York at lkawa@bloomberg.net
To contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Cormac Mullen, Joanna Ossinger
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