They focus
on corporate investment grade bonds denominated in dollars, euros, pounds or yen, but also consider government and high - yield corporate bonds worldwide.
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).
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.
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).
Within fixed income, we suggest raising average credit quality, particularly focusing
on investments in areas like high -
grade corporate and municipal bonds.
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.
Central bank purchases, investor yield - seeking and safe - haven flows have driven down yields
on government and
investment grade corporate bonds.
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.
In pursuance of the Union Budget 2018 announcement, the board also cleared a proposal
on changing the
investment grade rating from AA to A for
corporate bonds, which would boost
investment scope while ensuring credit quality.
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.
Although the largesse is restricted to blue - chip eurozone companies such as food producer Danone or telecoms giant Telefónica, ECB - injected liquidity has spilled into the rest of the market, paring average interest rates
on investment -
grade corporate debt by some 30 basis points to an even 1 %, Deloitte estimates.
In recent months, the yield
on US
corporate bonds, especially
investment -
grade securities, is a little more than 100 basis points compared to the yield
on government debt, dropping within striking distance of the lows seen post the 2008 financial crisis.
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.
Investment -
grade corporate bond funds saw $ 2.32 billion exit in the last week, the second - largest outflow
on record.
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.
Given the introduction of several new ECB policies yesterday (expanded QE; purchases of nonfinancial,
investment grade corporate debt; new refinancing programs; incentives to reduce the impact of negative interest rates
on banks and spur lending) we think the outlook for European credit and equities is quite constructive.
As to whether the stock market has put in a «real» bottom, Reynolds said he would like to see corroborating evidence of improving conditions, like the yield
on the 10 - year U.S. Treasury note moving back up, and improvement in the
investment -
grade corporate credit market.
They're taking advantage of low interest rates
on euro - denominated issues after the European Central Bank's decision to start buying
investment -
grade corporate bonds in June — part of its economic stimulus program.
Hartford Funds» new ETF joins two other already listed active fixed income ETFs sub-advised by Wellington (Hartford
Corporate Bond ETF (NYSE: HCOR), an ETF focused on investment - grade corporate bonds, and Hartford Quality Bond ETF (NYSE: HQBD), a core bond ETF focused on investment grade debt, including mortgage - backed securities and US government sec
Corporate Bond ETF (NYSE: HCOR), an ETF focused
on investment -
grade corporate bonds, and Hartford Quality Bond ETF (NYSE: HQBD), a core bond ETF focused on investment grade debt, including mortgage - backed securities and US government sec
corporate bonds, and Hartford Quality Bond ETF (NYSE: HQBD), a core bond ETF focused
on investment grade debt, including mortgage - backed securities and US government securities).
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.
This means investors are demanding over 50 % more
on the notional cost of default insurance
on the largest
investment -
grade corporate bonds tracked by the S&P 500 ®.
In particular, we are still positive
on long - end
investment -
grade corporates.
Investment grade bonds as measured by the S&P U.S. Issued
Investment Grade Corporate Bond Index turned it up a notch as the index's yield tightened by 9 basis points
on the week to a 2.76 %.
Unlike Treasuries and
investment grade corporates, the high yield market as measured by the S&P U.S. Issued High Yield
Corporate Bond Index touch a low point for yield earlier in the month at a 5.87 %
on October 6th.
Yield:
Investment grade tax - exempt municipal bonds on average are yielding 2.03 % vs. higher yielding taxable investment grade corpor
Investment grade tax - exempt municipal bonds
on average are yielding 2.03 % vs. higher yielding taxable
investment grade corpor
investment grade corporate bonds.
I personally am planning
on using the TFSA as an income producing vehicle, so I'll be placing
investment grade corporate bonds, income trusts and non-Canadian dividend paying stocks.
Dividend yields in utility companies are
on par with
investment grade corporate debt yields.
Corporate bonds are issued by companies and can either be
investment grade on non-
investment grade bonds.
«
On the heels of launching the first inverse ETFs on the high yield and investment grade corporate bond markets, we are pleased to offer the first leveraged ETFs on these segments of the fixed income landscape,» said Michael L. Sapir, Chairman and CEO of ProShare Advisors LLC, ProShares» investment adviso
On the heels of launching the first inverse ETFs
on the high yield and investment grade corporate bond markets, we are pleased to offer the first leveraged ETFs on these segments of the fixed income landscape,» said Michael L. Sapir, Chairman and CEO of ProShare Advisors LLC, ProShares» investment adviso
on the high yield and
investment grade corporate bond markets, we are pleased to offer the first leveraged ETFs
on these segments of the fixed income landscape,» said Michael L. Sapir, Chairman and CEO of ProShare Advisors LLC, ProShares» investment adviso
on these segments of the fixed income landscape,» said Michael L. Sapir, Chairman and CEO of ProShare Advisors LLC, ProShares»
investment advisor.
These three ETFs carry low risks but potentially high rewards Simon Maierhofer
on the contrarian nature of consumer staples, long - dated Treasuries and
investment -
grade corporate bondsSimon Maierhofer
on the contrarian nature of consumer staples, long - dated Treasuries and
investment -
grade corporate bonds.
For the previous week, Lipper data reported positive flows into
investment -
grade corporate bonds (June 3, 2015), which appeared to be buying
on the dip, as the index moved from a Read more -LSB-...]
For the previous week, Lipper data reported positive flows into
investment -
grade corporate bonds (June 3, 2015), which appeared to be buying
on the dip, as the index moved from a yield of 2.89 %
on May 29, 2015, to the June 3, 2015, level of 3.10 %.
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.
If you are adept with spreadsheets, you can compute the expected return
on the annuity and compare with, say, a long term
investment grade corporate bond yield.
The income offered
on DIAs will vary over time as market conditions change, being driven most notably by longer - term Treasury and
investment grade corporate bond yields.
It reflects a consistent, industry - leading focus
on fundholders, and thus, we are raising its
Corporate Culture
grade to an A from a B. Dimensional's
investment philosophy is based
on the idea that market prices reflect all publicly available information — commonly known as market efficiency.
On a nominal return basis,
investment grade corporate bonds tracked in the S&P 500 Investment Grade Corporate Bond Index have outperformed tax - exempt bonds tracked in the S&P National AMT - Free Municipal B
investment grade corporate bonds tracked in the S&P 500 Investment Grade Corporate Bond Index have outperformed tax - exempt bonds tracked in the S&P National AMT - Free Municipal Bo
corporate bonds tracked in the S&P 500
Investment Grade Corporate Bond Index have outperformed tax - exempt bonds tracked in the S&P National AMT - Free Municipal B
Investment Grade Corporate Bond Index have outperformed tax - exempt bonds tracked in the S&P National AMT - Free Municipal Bo
Corporate Bond Index have outperformed tax - exempt bonds tracked in the S&P National AMT - Free Municipal Bond Index.
If you want to pick your own non-core high - yield North American
corporate bond fund, TD offers the TD High Yield Bond Fund, which focuses mainly
on BB and B rated issues at the higher quality end of below -
investment grade and mostly hedges its U.S. currency exposure back to the Canadian dollar.
Recently,
investment -
grade corporates yielded
on average 115 basis points above government bonds.
In Canada,
investment -
grade corporates have historically traded
on average a full percentage point (100 «basis points») above Government of Canada yields.
The rest is invested in short and longer
investment grade corporate, and a small wager
on the Swiss Franc appreciating.
Corporate bonds are considered to be riskier than government bonds because the investment grade rating of corporate bonds varies depending on the debt issuance and revenue of the
Corporate bonds are considered to be riskier than government bonds because the
investment grade rating of
corporate bonds varies depending on the debt issuance and revenue of the
corporate bonds varies depending
on the debt issuance and revenue of the company.
It is based
on the ICE BofAML Diversified High Yield US Emerging Markets
Corporate Plus Index which tracks the performance of corporate bonds denominated in US dollars with an average credit rating below investme
Corporate Plus Index which tracks the performance of
corporate bonds denominated in US dollars with an average credit rating below investme
corporate bonds denominated in US dollars with an average credit rating below
investment grade.
Guggenheim, for example, offers 20
investment -
grade and high - yield
corporate bond target - maturity - date ETFs under its BulletShares brand, with maturities at different years (2017, 2018 and so
on); iShares offers 17 target - maturity - date bond ETFs.
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.
Average yields
on investment -
grade corporate bonds have risen just 2 basis points this month to 96 basis points more than Treasuries, while junk bond yields are up just 7 basis points to 253 basis points over Treasuries, according to Merrill Lynch data.
Investment -
grade corporate bonds, as measured by the S&P U.S. Issued Investment Grade Corporate Bond Index, are up 0.09 % for the month, while lower quality high - yield bonds represented by the S&P U.S. Issued High Yield Corporate Bond Index are up 0.7 % on t
corporate bonds, as measured by the S&P U.S. Issued
Investment Grade Corporate Bond Index, are up 0.09 % for the month, while lower quality high - yield bonds represented by the S&P U.S. Issued High Yield Corporate Bond Index are up 0.7 % on t
Corporate Bond Index, are up 0.09 % for the month, while lower quality high - yield bonds represented by the S&P U.S. Issued High Yield
Corporate Bond Index are up 0.7 % on t
Corporate Bond Index are up 0.7 %
on the month.
We are in a position where yields
on short Treasuries are nonexistent,
investment grade and junk yields are low for
corporates, and equities are rallying, but there is little growth, or some shrinkage in productive capacity.