High debt - to - GDP (gross domestic product) ratios persisted globally, cracks appeared in corporate credit markets and geopolitical issues created a continued backdrop of uncertainty. (us.beyondbullsandbears.com)
While fiscal and external shocks remain, US equities have become more closely aligned with corporate credit markets in the short term. (businessinsider.com)
As to whether the stock market has put in a «real» bottom, Reynolds said he would like to see corroborating evidence of improving conditions, like the yield on the 10 - year U.S. Treasury note moving back up, and improvement in the investment - grade corporate credit market. (nbr.com)