Readers have no doubt noticed that numerous inter-market correlations seem to have been suspended lately, and that many things are happening that superficially seem to make little sense (e.g.
falling junk bond yields while defaults are surging; the yen rising since the BoJ adopted negative rates; stocks rising amid a persistent decline in earnings growth; bonds, gold and stocks moving in unison, etc., etc.).
Not exact matches
Fixed income, rising (or
falling)
yields,
junk bonds, Fed tightening, TIPS, spreads, mortgage - backed securities — there's no shortage of jargon for this supposedly «boring» investment that most of us own in our portfolios.
So while these «
fallen angel»
bonds have the potential to be intrinsically higher quality than debt originally issued at the
junk or high -
yield level, undue structural selling pressure from the downgrade can cause them to sell at a discount.
Fixed income, rising (or
falling)
yields,
junk bonds, Fed tightening, TIPS, spreads, mortgage - backed securities — there's no shortage of jargon for this supposedly «boring» investment that most of us own in our portfolios.
Even as
junk bond yields fell into the 6 % range, investor demand for bonds held up well, and the SPDR Barclays High Yield Bond ETF (NYSEMKT: JNK) and iShares iBoxx HY Corporate Bond ETF (NYSEMKT: HYG) were among the best - performing funds with returns of around 11 % to 1
bond yields fell into the 6 % range, investor demand for
bonds held up well, and the SPDR Barclays High
Yield Bond ETF (NYSEMKT: JNK) and iShares iBoxx HY Corporate Bond ETF (NYSEMKT: HYG) were among the best - performing funds with returns of around 11 % to 1
Bond ETF (NYSEMKT: JNK) and iShares iBoxx HY Corporate
Bond ETF (NYSEMKT: HYG) were among the best - performing funds with returns of around 11 % to 1
Bond ETF (NYSEMKT: HYG) were among the best - performing funds with returns of around 11 % to 12 %.
Opportunistic investors moved into
junk bonds in late 2008 when, in the face of frozen credit,
yields on
junk bonds went up to more than 20 % on the back of
falling prices and to richly compensate investors for taking up the risk.