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.
Concluding remarks – implications for the Bank’s policy What does this all mean as we go deeper into 2015? The big themes that we saw in the closing stages of 2014 are still with us.