The scope of the global
corporate bond universe can be a daunting prospect; identifying key investment themes is one way to navigate this landscape and make good investment decisions.
The Markit iBoxx USD Liquid High Yield Index consists of liquid USD high yield bonds, selected to provide a balanced representation of the broad USD high yield
corporate bond universe.
The Markit iBoxx USD Liquid High Yield Capped Index consists of liquid US dollar high yield bonds, selected to provide a balanced representation of the broad US dollar high yield
corporate bond universe.
Not exact matches
The Bloomberg Barclays U.S.
Corporate High Yield
Bond Index covers the
universe of fixed - rate, non-investment-grade debt.
Issuers from the
Corporate sector represent for example 32 % of the green
bond universe vs 18 % in the Bloomberg Barclays Global Aggregate Index.
Which doesn't cover investments in shares, the returns on which are directly affected by changes in the
corporate tax rate (or the myriad of other investment vehicles liked
bonds, REITs, mutual fund trusts, etc. that make up the bulk of the
universe for Canadian investors).
The investment
universe for this strategy considers both tax - exempt municipal
bonds as well as US dollar - denominated taxable fixed income securities, including governments,
corporate bonds, asset backed securities and sovereign and supranational entities and taxable municipals.
The underlying
universe for our study is the S&P U.S Issued Investment Grade
Corporate Bond Index from Read more -LSB-...]
Most recently, it would take about 22 months (4.5 % per month) to turn over the entire USD 3.8 trillion S&P 500 Investment Grade
Corporate Bond Index universe, while it would take eight months longer (2.7 % per month) to turn over the USD 0.89 trillion that makes up the U.S. IG corporate bonds excluding the
Corporate Bond Index
universe, while it would take eight months longer (2.7 % per month) to turn over the USD 0.89 trillion that makes up the U.S. IG
corporate bonds excluding the
corporate bonds excluding the S&P 500.
The
corporate bond market is only a small portion of a very diverse
bond universe, but other corners also offer a potential stream of alpha opportunities.
The long high yield
corporate bond positions included in the index are designed to represent the more liquid
universe of high yield
bonds for sale within the United States.
A rule change could increase the percentage of any single
bond the ECB can buy, broaden the composition of sovereign
bonds bought, expand the
universe of eligible
corporate bonds or even expand the program to include stock purchases — a radical move we see as unlikely at this stage.
The
bonds are a
universe of all Canadian
bonds (SCM
Universe of federal, provincial, including investment - grade
corporates).
the relationship between interest rates and time, determined by plotting the yields of all or as many
bonds of similar credit quality (eg: Treasuries or AA - rated
Corporates), against their maturities; yield curves typically slope upward since longer maturities normally have higher yields, although it can be flat or even inverted; the Fixed Income Search Results Scattergraph shows several smoothed yield curves for different fixed - income product types and credit qualities; these are based on
bonds that Fidelity recognizes and are not equal to the entire
universe of
bonds, which is significantly larger than the number of
bonds offered by Fidelity on any given day
The underlying
universe for our study was the S&P U.S. Issued Investment Grade
Corporate Bond Index (U.S. issuers).
5The Bloomberg Barclays U.S. Aggregate
Bond Index is an index comprised of government securities, mortgage - backed securities, asset - backed securities, and
corporate securities to simulate the
universe of
bonds in the market.
While many people are familiar with the large company stocks represented by the S&P 500 and investment - grade
corporate bonds, the investment
universe is much bigger than these two asset classes.
The Canso approach allocates a dedicated portion of the client's
bond portfolio to
corporate bonds and manages these as its own
universe.
The selection
universe for the Index (the «SelectionUniverse») includes U.S. - listed fixed income ETFs advised by SSGA FM or its affiliates that are designed to target exposure to fixed income securities, including U.S. and non-U.S. developed and emerging market
bonds, treasury
bonds,
corporate bonds, high yield
bonds, inflation - protected
bonds, floating rate notes, first lien senior secured floating rate bank loans, U.S nonconvertible preferred stock and other preferred securities, U.S. municipal
bonds and U.S. convertible securities.
The S&P U.S. High Yield Low Volatility
Corporate Bond Index (the HYLV index) was launched on Dec. 20, 2016, with the aim of capturing high yield
bonds with less credit risk and lower return volatility than the broad investment
universe of U.S. high yield
bonds.
«-RRB- Because of the additional risk, the natural reaction of investors is to expect an equity return that is comfortably above the
bond return — and 12 percent on equity versus, say, 10 percent on
bonds issued py the same
corporate universe does not seem to qualify as comfortable.