Sentences with phrase «investment grade corporate spreads»

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).

Not exact matches

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).

Last week, spreads on the Morningstar Corporate Bond Index, an investment - grade corporate bond gauge, and the BofA Merrill Lynch High Yield Master Index, shoCorporate Bond Index, an investment - grade corporate bond gauge, and the BofA Merrill Lynch High Yield Master Index, shocorporate bond gauge, and the BofA Merrill Lynch High Yield Master Index, shot higher.

More broadly, he says that while corporate credit may benefit from aspects of tax reform (i.e., better earnings growth from the corporate tax cuts, modestly lower investment grade supply as repatriation becomes reality), he does not see tax cuts at this point in the cycle as a bullish driver of credit spreads.

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.

With the exception of the very front end of the yield curve, Canadian government bond yields declined, as did spreads on investment grade corporate bonds.

For example, by comparing a group of corporate bonds (like investment grade corporate bonds) vs. treasuries, you get a picture of where the average investment grade bond credit spread currently stands.

But even within the past few months, spreads between investment - grade corporates and Treasuries remain above historical averages.

The average bid - offer spread for trading an investment grade corporate bond, for example, is 50 basis points.

This flight to quality movement also impacted credit spreads, which widened for both investment grade and high yield corporate bonds, negatively impacting the returns of bonds in those sectors.

The average bid - offer spread for trading an investment grade corporate bond, for example, is 50 basis points.

US and CAD investment grade credit spreads, the difference in yield between corporates and Canadas, tightened by.3 % and US high yield bonds tightened by 1 %.

What's more, just like the September - October pullback of 2014, market internals have been deteriorating at a noteworthy pace, whether one is looking at waning breadth of bullish stock participation or widening credit spreads between investment grade and higher yielding corporates / junk corporates.

In the next few blogs, we will detail our approach to and back - tested results of employing credit spread (value) and volatility as factors in order to systematically construct a portfolio of U.S. investment - grade corporate bonds.

The S&P 500 High Yield Corporate Bond Index presents a unique credit alternative to bridge the gap between existing investment grade, which offers spread levels of around 150 bps, and high - yield corporate credit, which offers north of 600 bps iCorporate Bond Index presents a unique credit alternative to bridge the gap between existing investment grade, which offers spread levels of around 150 bps, and high - yield corporate credit, which offers north of 600 bps icorporate credit, which offers north of 600 bps in spread.

As of Feb. 5, 2018, investment - grade spreads had tightened 6 bps and were more than 110 bps tighter compared with February 2016, as measured by the S&P 500 Investment Grade Corporate Binvestment - grade spreads had tightened 6 bps and were more than 110 bps tighter compared with February 2016, as measured by the S&P 500 Investment Grade Corporate BInvestment Grade Corporate Bond Index.

The OAS (Option Adjusted Spread) of the investment grade corporate rating sub-indices are tighter: AAA -LRB--6 bps), AA -LRB--2 bps), A -LRB--3 bps) and BBB -LRB--5 bps) while high yield's BB and B are flat and the CCC & below are 22 bps wider.

Since the financial crisis, investment grade corporate bond indexes have reached record highs, 1 and credit spreads have tightened significantly,» said Michael L. Sapir, Chairman and CEO of ProShare Advisors LLC, ProShares» investment advisor.

Investment grade corporate bonds possess an average yield spread of 2.2 % to Treasuries, which is above the historical average of 1.5 % and notably greater than MBS spreads.

The premium paid on CMBS rated BBB -, the lowest investment - grade level before junk, has tumbled 105 basis points over the last month, more than 10 times the spread compression of investment - grade corporate bonds, Edward Reardon and Simon Mui wrote in a note dated Aug. 2.

In October, U.S. Treasury yields declined 23 basis points on a year - over-year basis, while corporate debt on the low end of the investment grade spectrum increased more than 65 basis points, nearly a 90 basis point increase in the spread between U.S. Treasuries and the low - end of investment grade corporate bonds.