Few other high -
yield investments exhibit nearly zero correlation to interest rates.
Not exact matches
We also compared the five - year annualized volatilities of the S&P Pan Asia Bond Index (denominated in USD) with other major bond markets, such as the U.S. treasury, U.S.
investment grade corporate, U.S. high
yield corporate, Eurozone sovereign and Australian bond markets, see the
exhibit below.
The U.S. has more diversified industry sector profiles in both
investment - grade and high -
yield indices; besides Banks and Other Financial, the Service Company industry, including pharmaceuticals and retail stores, has a sizeable representation, followed by Manufacturing and Energy Company (see
Exhibit 2).
CYS
Investments, therefore, continues to
exhibit a high dividend
yield of nearly 15 % and actually outperforms both Annaly Capital Management and American Capital Agency.
Exhibit 1 shows the performance of the S&P U.S. Preferred Stock Index compared to both the S&P US Issued BBB
Investment Grade Corporate Bond Index and the S&P US Issued BB High
Yield Corporate Bond Index.
Exhibit 1 shows that even in most stressed of times (2008),
investment - grade bonds weathered the storm, while high -
yield bonds experienced significant losses.