Corporate bond yields have risen even more, as investment- and speculative-grade corporate bond spreads have increased about 80 basis points and 170 basis points,  remained at 2 percent throughout the surveys conducted thus far in 2022. See https://www.philadelphiafed.org/surveys-and-data/real-time-data-research/survey-of-professionalforecasters. 12 For additional information, see https://data.sca.isr.umich.edu. -7respectively, over the year. Mortgage rates have more than doubled since the beginning of the year.
The Board’s broad dollar index has appreciated 11 percent year to date. 13 Monetary policy tightening is also proceeding rapidly abroad.