I noted a week ago that Bernanke had essentially eased monetary policy by spurring a loosening of financial conditions
via higher stock prices, lower
bond yields, tighter credit spreads, and a weakening of the U.S. dollar.
The consent, from more than 97 percent of senior secured bondholders, follows similar approval from senior banking lenders and from holders of its 1.3 billion euros of
high -
yield bonds issued
via Lighthouse International Company SA, a unit of Seat PG.
I am overweight diversified
high - yield corporate debt via iShares iBoxx $ High Yield Corporate Bond ETF (HYG), master limited pipeline partnerships via JPMorgan Alerian MLP Index ETN (AMJ) and dividend equities via iShares High Dividend Equity ETF (HDV) and Vanguard High Dividend Yield ETF (V
high -
yield corporate debt via iShares iBoxx $ High Yield Corporate Bond ETF (HYG), master limited pipeline partnerships via JPMorgan Alerian MLP Index ETN (AMJ) and dividend equities via iShares High Dividend Equity ETF (HDV) and Vanguard High Dividend Yield ETF (
yield corporate debt
via iShares iBoxx $
High Yield Corporate Bond ETF (HYG), master limited pipeline partnerships via JPMorgan Alerian MLP Index ETN (AMJ) and dividend equities via iShares High Dividend Equity ETF (HDV) and Vanguard High Dividend Yield ETF (V
High Yield Corporate Bond ETF (HYG), master limited pipeline partnerships via JPMorgan Alerian MLP Index ETN (AMJ) and dividend equities via iShares High Dividend Equity ETF (HDV) and Vanguard High Dividend Yield ETF (
Yield Corporate
Bond ETF (HYG), master limited pipeline partnerships
via JPMorgan Alerian MLP Index ETN (AMJ) and dividend equities
via iShares
High Dividend Equity ETF (HDV) and Vanguard High Dividend Yield ETF (V
High Dividend Equity ETF (HDV) and Vanguard
High Dividend Yield ETF (V
High Dividend
Yield ETF (
Yield ETF (VYM).
The
high -
yield bond market is generally considered to be best accessed
via active investing, since passive vehicles have structural constraints that can limit their flexibility and ability to deal with credit risk.