Annie Seelaus, chief executive officer of R. Seelaus, and John Lloyd, global head of multi-sector and corporate credit at Janus Henderson, joined Emily Graffeo on "Bloomberg Real Yield," according to Bloomberg.

The spread on the riskiest U.S. corporate bonds rose above 1,000 basis points over Treasuries for the first time since the regional banking crisis in 2023. Bloomberg said that level of risk premium typically implies a high probability of default, restructuring or loss.