The Bonds held up much better than one might have expected, and the spreads between corporates and longer dated Treasuries was remarkably uniform.
Bear in mind that these are yields on this chart, and the value of the underlying bonds moves in the opposite direction to the yield.
13 January 2009
Corporate and US Treasury Yields from 1926 to 1934
Category:
Corporate Bonds,
Great Depression,
Treasury Bond,
Yield Curve