AT&T Fuels Investors' Dream for BBB Bonds

The video discusses AT&T's strategy to manage its $171 billion debt by selling $5 billion in bonds to refinance near-term maturities. Despite the large debt, AT&T is unlikely to issue more debt this year, opting to use cash for obligations. The current credit market conditions are favorable, with lower spreads for triple B rated bonds, which is AT&T's rating. A deleveraging trend is observed across the corporate sector, termed the 'great debt diet.' This environment has led to strong performance for triple B bonds, outperforming the broader investment grade market. Companies are using this period of low borrowing costs to improve their balance sheets.

What is referred to as the 'great debt diet' in the context of corporate debt?

How has the performance of triple B rated bonds changed compared to previous years?