From ETF Channel: In trading on Thursday, shares of the iShares iBoxx $ High Yield Corporate Bond ETF (Symbol: HYG) entered into oversold territory, changing hands as low as $80.78 per share.
From Chris Kimble: Junk Bonds have sent an important message to stocks at important tops and bottoms over the past 20-years! Junk bonds sent bullish messages to stocks as they created bullish divergences at the lows in 2003 and 2009.
From BlackRock: In her final article of the series, Karen explains how ETFs make sophisticated interest rate swaps accessible to all investors.
From Franklin Templeton Investments: Some investment-grade bonds are riskier than their ratings imply, while high-yield bonds have seen some positive tailwinds. Meanwhile, a large number of bank loan agreements now favor borrowers over lenders.
From Contrarian Outlook: You might think a $500,000 nest egg isn’t enough to retire on, and I wouldn’t blame you. The financial media loves to tout $1 million as the end-all be-all mark of financial security.
From Contrarian Outlook: Be careful how you buy your bonds. The most popular tickers have a few “fatal flaws” that’ll doom you to underperformance at best, or leave you hanging in the event of a market meltdown at worst!
From Peritus Asset Management: Looking at where we were just a year ago, we have seen a notable move upward in US Treasury yields, with the 2-year yield going from 1.29% at the at the end of April 2017 and nearly doubling to the current level of 2.49%, while the 10-year was at 2.35% a […]
From Contrarian Outlook: Had enough market drama? If so, it’s time to trade in your overly-sensitive stocks for some domestic cash cows paying 5% or more.
From WisdomTree: The recent sell-off in the U.S. high-yield (HY) market certainly garnered a good deal of attention.
From Franklin Templeton Investments: In 2017, corporate credit–including high yield–saw a resurgence in interest within a longer-term trend of increasing supply. In recent weeks, however, it has shown some cracks.
Analyst/ETF Trader Paul Weisbruch of Street One Financial brings us his daily fund flows update, which today hones in on some quick outflows from major bond funds after this week’s Fed meeting.
From BlackRock: High yield bonds have been investor favorite the last year and a half. Russ discusses why that may not last.
From Invesco: Valuations across many risky asset classes including credit are at tight levels. We believe there are good reasons valuations are at these levels, and they may indeed stay quite tight for some time. This argues for value in credit asset classes despite historically tight spreads.
From Contrarian Outlook: Junk bonds can be a great source of retirement income, or a terrible idea altogether. It depends what you buy, and really, which managers and vehicles you entrust to find value in the bargain bin.
As noted in our ETF/Index Options recap today, we have seen some interest in October downside puts in the largest “Junk Bond” ETF in the marketplace, HYG (iShares iBoxx $ High Yield Corporate Bond, Expense Ratio 0.49%, $17.8 billion in AUM).