Benjamin Shepherd: Despite the fact that Treasury bond yields remain at historic lows, they continue to be in high demand among fearful investors. As a result, the yield spread between Treasuries and BBB-rated corporate bonds is currently just under 2 percent, while A-rated fare is offering a little more Read more…
NYSE:HYG, PHB, PICB
Stoyan Bojinov: Equity markets have gotten off to a solid start in the new year, although looming Euro zone debt woes continue to breed some degree of pessimism and one piece of bad news from Read more…
JNK, NYSE:BSJC, NYSE:HYG, NYSE:HYS, PHB
Matt Tucker: In my last blog, I recapped 2011 and how it turned out to be the year of unmet investor expectations. Instead of interest rates rising, they fell. Instead of the municipal bond market suffering from widespread defaults, it fared better than in 2010. Read more…
NYSE:HYG, TLT
Kevin Grewal: As confidence in a sustainable economic recovery continues to remain wary, unemployment remains high, the equity markets remain volatile and consumer demand grows at a snail’s pace, high yield corporate bonds, and the exchange traded funds that track them, could pose an Read more…
JNK, NYSE:HYG, PHB
Matt Tucker: Expectations of rising interest rates. Fears of massive municipal bond defaults. Heading in to 2011, those were the two strong trends that investors expected would shape the fixed income market. But as we know now, 2011 turned out to be almost the opposite of expectations. Read more…
NYSE:AGG, NYSE:HYG, TBT, TLT
Matt Tucker: Earlier this month, Jefferson County, Alabama became the largest issuer in the municipal bond market to file for bankruptcy. Back in 1997 the county tried to upgrade its sewer system. Through losses on interest rate swaps and fraud, the debt burden from the sewer project rose from $555 million Read more…
JNK, NYSE:AGG, NYSE:HYG, TBT, TLT
Michael Johnston: PowerShares, one of the leading providers of alternative weighted ETFs, announced today the latest addition to its fixed income lineup. The new Fundamental Investment Grade Corporate Bond Portfolio (NYSE:PFIG) will offer an alternative means of accessing high quality corporate bonds Read more…
JNK, NYSE:CBND, NYSE:HYG, NYSE:PFIG, PHB
Keith Fitz-Gerald: The yield on the benchmark 10-year Treasury bond fell as low as 1.976% on Thursday – the lowest yield in recent history. Read more…
IEF, NYSE:HYG, TBF, TBT, TLT
Michael Johnston: In recent years, ETFs have become increasing popular tools for accessing the fixed income corner of the market. The space initially grew much more slowly than equity ETFs, but investors have gradually become more comfortable with the combination of fixed income exposure Read more…
JNK, MUB, NYSE:AGG, NYSE:BAB, NYSE:BND, NYSE:BWZ, NYSE:HYD, NYSE:HYG, PCY, PZA
Martin D. Weiss: The first-ever downgrade of U.S. debt, announced Friday by Standard & Poor’s, hit Asian stocks hard last night and is about to slam into U.S. markets at the opening bell a couple of hours from now. Read more…
NYSE:DOG, NYSE:HYG, PSQ, SH, TBT
Interest in fixed income ETFs has skyrocketed in recent years, as investors have embraced the exchange-traded structure as an efficient means of establishing exposure to a core asset class. Though inflows in recent years have accelerated, the growth of this corner of the ETF market lagged Read more…
NYSE:AGG, NYSE:HYG
Ron Rowland: Last week AdvisorShares introduced four new actively managed ETFs from two different managers. Madrona Funds, LLC is the sub-advisor and portfolio manager of three new “Madrona Forward” ETFs while American Wealth Management is the sub-advisor and portfolio Read more…
LQD, MATH, NYSE:BIV, NYSE:FWDB, NYSE:FWDD, NYSE:FWDI, NYSE:HYG, TIP
Ron Rowland: PIMCO expanded its fixed income ETF menu with the June 17, 2011 introduction of PIMCO 0-5 Year High Yield Corporate Bond Index Fund (NYSE:HYS). HYS will attempt to replicate the price and yield performance of the BofA Merrill Lynch 0-5 Year US High Yield Constrained Read more…
NYSE:BSJF, NYSE:CORP, NYSE:HYG, NYSE:HYLD, NYSE:HYS
Noel Archard: A friend of mine recently told me she doesn’t like my blog posts as they’re too complex. She prefers Kevin’s weekend reading list over my “technical-manual ramblings”. In an attempt to stir things up, I’m going to write about the dead-sexy topic of risk-off trades and our old Read more…
JNK, NYSE:HYG
David Fry: With yields low, investors seeking income are tempted to seek yield in other sectors where real rates of return after inflation can be found. Higher yields have traditionally been found Read more…
JNK, NYSE:ALD, NYSE:ELD, NYSE:EMB, NYSE:HYG, NYSE:HYLD, PCY, PHB
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