US corporate bond ETFs plunge in global debt market rout

Some U.S. corporate bond indicators have hit or are approaching new lows this week as a rout in the UK bond market and U.S. inflation worries slammed global debt valuations.

BlackRock’s iShares iBoxx $ Investment Grade Corporate Bond ETF – a major exchange-traded fund tracking the U.S. investment-grade corporate bond market – fell to a low of $101.05 on Tuesday, its lowest s