Not exact matches
«What we're doing is reducing exposure to more cyclical industrial
corporate credit risk around the globe —
high yield bonds, bank loans,
investment -
grade corporate bonds,» said Collins.
Our team of credit professionals deliver sales and trading capabilities across a wide range of fixed income asset classes including
high yield, distressed and
investment grade bonds, convertible bonds, public and private
corporate securities, leveraged loans and emerging market debt.
This leaves us roughly in the same position that we started the year, slightly overweight to spread product, i.e.,
investment -
grade and
high - yield
corporate bonds and emerging markets (more recently, we also went back to a slight overweight on commercial mortgage - backed securities).
We trade all fixed income assets, with a focus on more illiquid situations, from
high yield, distressed and
investment grade bonds and convertible bonds to public and private
corporate securities and leveraged loans.
In the credit markets, both
investment -
grade and
high - yield
corporate bonds had negative returns for the first time in eight quarters, with down - in - quality subsectors in each unconventionally outperforming
higher quality ones.
Each fund has a stated objective, generally focusing on a particular sector, such as
corporate or Treasury bonds, or broad category, such as
investment grade or
high yield.
Since its 2014
high on December 29, the S&P 500 Index has gained 1.5 % (not including a fraction of a percent in dividends), the Dow Industrial Average has gained 1.3 %, the Dow Transportation Average is down -5.8 %, the Dow Utilities Average is down -8.9 %, market breadth has churned sideways, and
investment grade corporate spreads are flat (though junk spreads have come in about two - tenths of a percent).
Moody's also recently evaluated the level of interest expense to EBITDA for 18
corporate sectors across
investment grade and
high - yield.
Within fixed income, we suggest raising average credit quality, particularly focusing on
investments in areas like
high -
grade corporate and municipal bonds.
Our Global Market Strategies segment, established in 1999 with our first
high yield fund, advises a group of 46 active funds that pursue
investment opportunities across various types of credit, equities and alternative instruments, including bank loans,
high yield debt, structured credit products, distressed debt,
corporate mezzanine, energy mezzanine opportunities and long / short
high -
grade and
high - yield credit instruments, emerging markets equities, and (with regards to certain macroeconomic strategies) currencies, commodities and interest rate products and their derivatives.
The Unit
Investment Trust, which is actually a
corporate income fund, is similar to a regular money market account, except it?s made up of a group of
higher grade securities, and instruments, and usually pays out dividends on a monthly basis...
Last week, spreads on the Morningstar
Corporate Bond Index, an investment - grade corporate bond gauge, and the BofA Merrill Lynch High Yield Master Index, sho
Corporate Bond Index, an
investment -
grade corporate bond gauge, and the BofA Merrill Lynch High Yield Master Index, sho
corporate bond gauge, and the BofA Merrill Lynch
High Yield Master Index, shot
higher.
A pioneer in global sector investing, and one of the world's, largest managers in
high - yield, bank loans,
investment -
grade corporates and municipals
Such strategies involve investing predominantly in
corporate credit, including senior secured and mezzanine loans and
high yield, distressed and
high grade debt securities, private equity controlled positions, real estate
investment and
investment in pools of non-performing loans in Europe and Asia.
We aim to add value in the
Corporate Advantage Fund by generating yield using a relative valuation approach and investing in investment grade corporate bonds, high yield bonds, preferred shares, and other fixed income se
Corporate Advantage Fund by generating yield using a relative valuation approach and investing in
investment grade corporate bonds, high yield bonds, preferred shares, and other fixed income se
corporate bonds,
high yield bonds, preferred shares, and other fixed income securities.
Investment grade vs. non-
investment grade (
high yield)
Corporate bonds are generally rated by one or more of the three primary ratings agencies: Standard & Poor's, Moody's, and Fitch.
The average bid / ask spread was 29 cents (per $ 100 par value) for both
investment -
grade and
high - yield bonds, and the average daily trading volume was $ 2.2 million ($ 2.5 million) for
investment -
grade (
high - yield)
corporate bonds.
Their data set included constituents of the Bank of America Merrill Lynch
investment -
grade (US
Corporate Master Index) and
high - yield (US High Yield Master Index) bond indexes, and covers the period January 1997 through December 2
high - yield (US
High Yield Master Index) bond indexes, and covers the period January 1997 through December 2
High Yield Master Index) bond indexes, and covers the period January 1997 through December 2016.
The average market impact cost was 29 basis points (39 basis points) per $ 1 million traded for
investment -
grade (
high - yield)
corporate bonds.
TAXABLE BOND FUNDS: B - CHY -
Corporate High - Yield Bond: Invest generally in corporate bonds rated below investme
Corporate High - Yield Bond: Invest generally in
corporate bonds rated below investme
corporate bonds rated below
investment grade.
The average
investment -
grade (
high - yield) bond trades on less than 32 % (36 %) of days over the prior six months — liquidity in
corporate bonds was considerably lower than in traditional listed equity markets.
While yields on government bonds remain unattractive, according to Stopford,
investment -
grade corporate bonds offer a modest pickup in yield — and
high - yield bonds, a more significant advantage.
This would include
investment -
grade corporate credit,
high - yield and leveraged loans.
Yet we believe another milestone is of far greater significance to investors: Yields on short - term U.S.
investment grade (IG)
corporate bonds also hit 3 % — an eight - year
high.
The Barclays U.S. Credit Index is the credit component of the Barclays Capital U.S. Aggregate Bond Index, which is a broad - based bond index comprised of government,
corporate, mortgage and asset - backed issues, rated
investment grade or
higher, and having at least one year to maturity.
By contrast,
high - quality bonds such as those found in
investment - grade corporate funds like the iShares 1 - 3 Year Credit Bond ETF (CSJ A-89) and the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD A-66), etc.), or in Treasury portfolios such as the iShares 1 - 3 Year Treasury Bond ETF (SHY A-97) or the iShares 10 - 20 Year Treasury Bond ETF (TLH B - 65), etc.) tend to buffer portfolio volatility to a much great
investment -
grade corporate funds like the iShares 1 - 3 Year Credit Bond ETF (CSJ A-89) and the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD A-66), etc.), or in Treasury portfolios such as the iShares 1 - 3 Year Treasury Bond ETF (SHY A-97) or the iShares 10 - 20 Year Treasury Bond ETF (TLH B - 65), etc.) tend to buffer portfolio volatility to a much greate
corporate funds like the iShares 1 - 3 Year Credit Bond ETF (CSJ A-89) and the iShares iBoxx $
Investment Grade Corporate Bond ETF (LQD A-66), etc.), or in Treasury portfolios such as the iShares 1 - 3 Year Treasury Bond ETF (SHY A-97) or the iShares 10 - 20 Year Treasury Bond ETF (TLH B - 65), etc.) tend to buffer portfolio volatility to a much great
Investment Grade Corporate Bond ETF (LQD A-66), etc.), or in Treasury portfolios such as the iShares 1 - 3 Year Treasury Bond ETF (SHY A-97) or the iShares 10 - 20 Year Treasury Bond ETF (TLH B - 65), etc.) tend to buffer portfolio volatility to a much greate
Corporate Bond ETF (LQD A-66), etc.), or in Treasury portfolios such as the iShares 1 - 3 Year Treasury Bond ETF (SHY A-97) or the iShares 10 - 20 Year Treasury Bond ETF (TLH B - 65), etc.) tend to buffer portfolio volatility to a much greater degree.
It's also interesting to examine the changing significance and dynamics of the European bond market in general, which has almost doubled in size since 2005 to more than $ 10 trillion today, including government,
investment -
grade corporate debt and
high yield.
In 2015 Creditex expanded into serving the bond market, through the launch of ICE Credit Trade, a leading electronic platform for trading
investment grade and
high yield
corporate bonds.
The Bloomberg Barclays Long - Term Government /
Corporate Bond Index is an unmanaged index that includes fixed - rate debt issues rated
investment grade or
higher by Moody's Investors Services, Standard & Poor's Corporation, or Fitch Investor's Service, in order.
The Bloomberg Barclays
High - Yield Bond Index is an unmanaged index of
corporate bonds rated below
investment grade by Moody's, S&P or Fitch Investor Service.
Eligible sectors include U.S. Treasurys, global government - related bonds, global
investment -
grade and
high yield
corporate bonds, and emerging market bonds.
IMTB has a very broad mandate, covering
investment grade and
high yield
corporate, government, and emerging market bonds with maturities between five and ten years.
BofA Merrill US
High Yield Index: Tracks the performance of U.S. dollar denominated below
investment grade corporate debt publicly issued in the U.S. domestic market.
High - yield
corporate bonds are rated below
investment grade and are subject to greater risk of default, which could result in loss of principal — a risk that may be heightened in a slowing economy.
The seven asset classes are: (1) government bonds; (2)
investment grade corporate bonds; (3)
high - yield
corporate bonds; (4) global equity; (5) real estate; (6) commodities; and, (7) hedge funds.
Using total credit premiums, trading volumes and characteristics for a broad sample of U.S.
investment grade and
high yield
corporate bonds during January 1994 through December 2015, he finds that: Keep Reading
Nearly all of the outflows were among
high - yield and
investment -
grade corporates.
Issuance of
investment -
grade corporate bonds picked up in early March in a receptive market, as investors sought
higher yields than were available on safe - haven Treasury bonds.
Are behaviors of government,
corporate investment grade and
corporate high - yield bonds over this interval similar?
US Treasuries initially sold off only to recover,
investment grade corporate bond markets had a somewhat muted reaction, while
high yield and Read more -LSB-...]
The par amount outstanding of
investment - grade corporate debt, as measured by the S&P U.S. Investment Grade Corporate Bond Index, has increased over USD 4 trillion since September 2007, while the amount of speculative - grade outstanding, as measured by the S&P U.S. High Yield Corporate Bond Index, has increased by USD 80
investment -
grade corporate debt, as measured by the S&P U.S. Investment Grade Corporate Bond Index, has increased over USD 4 trillion since September 2007, while the amount of speculative - grade outstanding, as measured by the S&P U.S. High Yield Corporate Bond Index, has increased by USD 800
corporate debt, as measured by the S&P U.S.
Investment Grade Corporate Bond Index, has increased over USD 4 trillion since September 2007, while the amount of speculative - grade outstanding, as measured by the S&P U.S. High Yield Corporate Bond Index, has increased by USD 80
Investment Grade Corporate Bond Index, has increased over USD 4 trillion since September 2007, while the amount of speculative - grade outstanding, as measured by the S&P U.S. High Yield Corporate Bond Index, has increased by USD 800
Corporate Bond Index, has increased over USD 4 trillion since September 2007, while the amount of speculative -
grade outstanding, as measured by the S&P U.S.
High Yield
Corporate Bond Index, has increased by USD 800
Corporate Bond Index, has increased by USD 800 billion.
The manager aims to produce
high income returns by investing predominantly in
investment grade or
high - quality issuers, including the subordinated
corporate bond issues of
investment grade business.
As of January 2017, the
investment grade corporate bond index bears the
highest duration of 6.9, while the two
high yield indices have much shorter durations of approximately 4.2.
The yield for HYG, a
high - yield (i.e. junk)
corporate bond ETF, is currently 5.72 % versus 3.56 % for LQD, an
investment -
grade corporate bond ETF.
The back - tested results of the 17 - year period ending Feb. 28, 2017, show that the S&P U.S.
High Yield Low Volatility Corporate Bond Index may offer an intersection that bridges the volatility gap between the high - yield and investment - grade bond sectors, with increased return efficie
High Yield Low Volatility
Corporate Bond Index may offer an intersection that bridges the volatility gap between the
high - yield and investment - grade bond sectors, with increased return efficie
high - yield and
investment -
grade bond sectors, with increased return efficiency.
Higher -
investment grade corporate bonds, such as those with «AAA» credit ratings, tend to have very low default risk.
In response to the most recent events, the Under Armour bond has been downgraded to BB + and will be moved out of the
investment -
grade index and into the S&P 500
High Yield
Corporate Bond Index at the next month - end rebalancing (February 2017), as per the index rules.
The fact that the S&P U.S.
High Yield Low Volatility Corporate Bond Index is located above the straight line linking the investment - grade and high - yield bond sectors demonstrates that the index outperforms the return frontier established by the two bond sect
High Yield Low Volatility
Corporate Bond Index is located above the straight line linking the
investment -
grade and
high - yield bond sectors demonstrates that the index outperforms the return frontier established by the two bond sect
high - yield bond sectors demonstrates that the index outperforms the return frontier established by the two bond sectors.
The index will rank U.S. Treasuries, U.S.
investment grade corporate bonds, U.S.
investment grade mortgage backed securities, U.S.
high yield debt and U.S. dollar denominated debt of emerging market issuer according to their momentum / trend scores.
As expected, the S&P U.S.
High Yield Low Volatility Corporate Bond Index sat between the high - yield and investment - grade bond sectors in the volatility spect
High Yield Low Volatility
Corporate Bond Index sat between the
high - yield and investment - grade bond sectors in the volatility spect
high - yield and
investment -
grade bond sectors in the volatility spectrum.