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.
“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception