iShares 5-10 Year Investment Grade Corporate Bond ETF Price & Performance (IGIB)

The iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) saw its Relative Strength Index drop to 29.8, well below the S&P 500’s current reading. Shares are trading near the lower end of their 52-week range, down about 1.1% today, hinting at possible buying opportunities for contrarian investors.12

Recent market analysis shows credit spreads for corporate bonds remain low compared to past crises, reflecting ongoing economic resilience. However, concerns linger as inflation moderates and labor markets weaken. Investors are watching spreads closely for signs of tightening financial conditions that could signal rising default risks.23

While the U.S. labor market shows signs of weakening, corporate bond fundamentals appear robust thanks to cooling inflation and steady consumer spending. Market watchers remain alert to the risk of recession, but current indicators suggest corporate bonds retain appeal as a defensive asset class in uncertain times.23