Global junk corporate bonds currently yield nearly 7%, about 0.7 percentage points higher than their year-to-date low, a Bloomberg index shows. But the increases have been more salient in some government yields, and junk credit spreads have widened just two basis points from the end of 2025 to 2.84 percentage points. Notes from Asia where issuance is smaller are leading regional peers in returns year-to-date, generating 2.1%, compared with 1% for US peers and 0.7% for pan-European debt, Bloomberg indexes show.