No. of Recommendations: 4
Article on Oct 12, you might want to read it.

BBB rated bonds are making up a much larger portion of the investment grade bond universe. In 2008, the spread in the yield between AAA and BBB was about 4%. Now its 0.25%. Yield today on BBB bonds is about 2.9. On average over the past 20 years, its been 5.1

If your investment-grade fund has been loading up on BBB for that extra 1/4 % yield, the share value might drop more than average when rates go up.
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