Bond yield dropped drastically back when the market crashed due to pandemic. It was caused by people panic-rushed money into bonds for safety. Classic case of m

Bond yield dropped drastically back when the market crashed due to pandemic. It was caused by people panic-rushed money into bonds for safety. Classic case of more demand chasing fewer bond supply. The lower yield drew more companies to jump in to offer more bonds. The corporate bond yield has since recovered as the stock market doing better and money moved out of bond into stock.