"There is a trend toward thinking about professionalizing degrees," acknowledges Carol B. Lynch, director of professional master's programs at the Council of Graduate Schools.

“有一种考虑专业学位的趋势，”Carol B . Lynch承认，他是研究生学院理事会的专业硕士学位项目的主管。

youdao

For example, the difference between the average yield on a triple-B-rated municipal bond in the Bank of America Merrill Lynch municipal-bond index the low end of investment grade and a triple-A-rated one has dropped to just 2.64 percentage points, the smallest since 2010.

WSJ: Are High-Yield Munis Headed for a Fall?

The highest-flying markets in recent weeks have been for bonds issued by the least creditworthy companies: those rated B and lower. (For comparison, the highest is AAA and D stands for default.) The Merrill Lynch index of B-rated corporate bonds now yields 7.4% a quarter of a point less than a month ago, even though Treasury-bond yields are higher.

ECONOMIST: Buttonwood