Post-Fed Outflows Begin To Hit Popular Bond ETFs (HYG, TLT)

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November 2, 2017 1:39pm NYSE:HYG

NYSE:HYG | News, Ratings, and Charts

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.


Prior to the recent run up in Bond prices over the past couple sessions going into yesterday’s FOMC announcement we have seen some position trimming in funds like HYG (iShares $ High Yield Corporate Bond, $750 million out) and TLT (iShares 20+ Year Treasury Bond, $500 million). Lower rates in the past couple sessions have spiked Bond prices however, with TLT for instance trading up against its 50 day MA this morning for the first time since mid-October. We will see if fund flows potentially reverse themselves given this post-FOMC action in the markets.

ETF/Index options trading in general remains very light in the marketplace as we look forward to AAPL’s earnings release tonight after the bell.

The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) was trading at $88.02 per share on Thursday afternoon, down $0.00 (0.00%). Year-to-date, HYG has gained 4.79%, versus a 16.16% rise in the benchmark S&P 500 index during the same period.

HYG currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #1 of 41 ETFs in the High Yield Bond ETFs category.


Disclaimer: The content of this article is excerpted from a daily newsletter from Street One Financial. While ETF Daily News may edit the contents and add a relevant title to the piece, the author, Paul Weisbruch, does not endorse or recommend any issuer or security mentioned herein.

About the Author: Paul Weisbruch

paul-weisbruchPaul Weisbruch is the VP of ETF/Options Sales and Trading at Street One Financial. Prior to joining the team at Street One, Paul served as the Director of RIA and Institutional ETF Sales at RevenueShares ETFs from December 2007 until November of 2009. Before RevenueShares, Paul was employed by Susquehanna International Group from 2000 until 2007 serving in roles including OTC/NYSE Institutional Block Trading, Nasdaq/OTC Market Making, ETF/Derivatives Intelligence and Strategy, Algorithmic Trading, as well as acting as the PHLX Floor Specialist in the ETFs, SPY and DIA.Paul has been actively involved in the ETF space from both a product and trading standpoint since 2000. Additionally, Paul has well forged relationships with national RIAs, institutional pension fund managers and consultants, mutual fund and hedge fund managers, and also the ETF media. Co-authoring the “S1F ETF Daily” since 2009, the daily piece has become a must for many portfolio managers in the ETF space, with segments regularly appearing in the likes of Barron’s, WSJ, and ETFTrends.com for instance.

He holds his Series 4 (Registered Options Principal), 6, 7, 55 (Equity Trader), 63, and 65 licenses. He graduated from the University of Pittsburgh (B.S. – Economics), graduating magna cum laude, and has an MBA from Villanova University.


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