84.50 0.00 (0.00%)
After hours: 5:29PM EST
|Bid||83.83 x 21500|
|Ask||84.07 x 34100|
|Day's Range||84.39 - 84.67|
|52 Week Range||79.55 - 87.90|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.19|
|Expense Ratio (net)||0.49%|
Despite a volatile end to 2018, investors have been piling into U.S. equities in January as the Dow Jones Industrial Average gained over 300 points on Friday while Treasury yields rose across the board. China purportedly offered to fix the trade imbalance with the United States by increasing purchases of U.S. goods, according to a Bloomberg News report. Per the report, China offered to increase its annual import of U.S. goods by over $1 trillion.
With the markets off to a solid start in 2019, investors are starting to dip back into the high yield waters. In fact, they dove in with $3.28 billion in flows the past week. This latest influx of capital ...
Junk bonds and speculative-grade debt-related ETFs started off on a solid footing in the new year as fixed-income traders grow more bullish on this riskier segment of the bond market. So far in 2019, the ...
After seeing some of the largest outflows among any US-listed exchange traded funds last year, the iShares iBoxx $ High Yield Corp Bond ETF (NYSEArca: HYG) and the SPDR Bloomberg Barclays High Yield Bond ...
Investor Jeffrey Gundlach warns that the debt load is about to become a bigger problem. "We are talking about the creation of an ocean of debt," Gundlach tells Barron's in a roundtable discussion.
With the Dow Jones Industrial Average posting five positive days in a row, investors are starting to dip back into the high yield waters. Exchange-traded fund (ETF) flows are showing that a risk-on sentiment ...
Investors like KKR say beaten-down junk bonds have cheapened enough to warrant selective buying despite lingering concerns over the dimming economic outlook and excessive indebtedness among U.S. corporations.
Jeffrey Gundlach expects 2019 to continue to be a volatile year. Gundlach believes that higher yields on bonds (HYG) (BND) will hurt stocks in what he’s called a “tug of war,” as reported by CNBC. Gundlach believes that due to buybacks, the equity markets have turned into a collateralized debt obligation residual, which he believes is “getting thinner and thinner, riskier and riskier.” He added, “So, the balance sheets of corporations are balanced on ever-dwindling equities as they buy back shares and increase their leverage ratios.
Falling oil prices, rising interest rates and concerns about deteriorating credit quality were among the factors that chased investors from high-yield corporate bonds and the related exchange traded funds ...
The bond king is warning investors to get out of corporate bonds before it's too late.
Dimon Says Market Overreacted and Predicts Decent Growth in 2019 ## Jamie Dimon thinks markets overreacted Jamie Dimon, the chair and CEO of JPMorgan Chase (JPM), believes that the recent market sell-off was an overreaction and there is no recession on the immediate horizon. During an interview with Fox Business on January 7, which was released today, he said the markets are overreacting to short-term sentiment around a whole bunch of complex issues. He, however, added that some of that was a “rational response” to concerns about slower growth, higher chances of recession, and trade conflict. ## Debt markets He mentioned that while the lack of deleveraging and the liquidation of the debt markets were mainly responsible for the US economy (IVV) (QQQ) getting into trouble in 2008, now we are facing a lack of bond issuance (HYG) (AGG). He added that in December as growth slowed down, people got scared and issuers didn’t issue, leading to widening credit spreads. He believes that this will change and is more of a normalization process after abnormally low spreads for a long time. December 2018 was the worst December for stocks since 1931. The major concerns plaguing the markets (SPY) include the ongoing US-China trade war, a possibility of monetary policy mistakes from the Fed, earnings (QQQ) deceleration, China’s (FXI) slowdown, and a potential global slowdown. ## Decent growth in 2019 Dimon also sounded optimistic about the other indicators for the US economy (DIA) such as a job market with more jobs and higher wages. He also thinks that consumer spending is also quite strong at this time. Apart from this, he thinks the Fed’s more accommodative response recently, strong earnings, and firm employment market would mean that America could see decent growth in 2019.
As stocks continue to build forward momentum after a tumultuous December, it's been high-yield bonds going the opposite direction with the ICE BofAML US High Yield Master II Total Return Index resuming its downward trajectory. Investors looking to capitalize on the weakness in high yield can look to the ProShares Short High Yield (SJB) . With respect to their 200-day moving averages, SJB is tracking above this level while high-yield bond ETFs like the SPDR Bloomberg Barclays High Yield Bond ETF (JNK), iShares iBoxx $ High Yield Corp Bd ETF (HYG) and the Invesco Senior Loan ETF (BKLN) are languishing in the current risk-off environment.
Honing in on dollar volume ETFs will reveal the true picture of liquidity. We have highlighted 10 ETFs that have seen higher dollar volume this year.
The markets were coming off a 653-point drubbing of the Dow on Monday with a combination of government shutdown fears and global growth concerns roiling stocks. Per a CNBC report, a senior Treasury official said that the previous week’s market volatility that saw the Dow experience its worst week in 10 years prompted the call by Mnuchin to allay fears.
Money-Printer-In-Chief On Chopping Block? Federal Reserve Chair Jay Powell has incurred the wrath of the Donald of the weekend after a 4th hike in interest rates by the Federal Open Market Committee has arguably brought down stock prices to critical levels bordering on a bear market for the S&P 500 (NYSEARCA:SPY), though the Nasdaq (NASDAQ:QQQ) […] The post Market Morning: Trump Fumes at Fed, Treasury Auction Bonanza, Junk Bonds Get Junkier, Government Shuts Down appeared first on Market Exclusive.
On Thursday, some closed-end funds traded down as much as 15% before pulling out of a free fall that some seasoned pros likened to their collapse during the great financial crisis, following the bankruptcy of Lehman Brothers in the fall of 2008.
Clearly Wednesday's action was not what I had in mind. Even if we didn't rally, I expected the selloff would be mild not extreme as it was. But the market had other ideas in mind. The most curious part is that if you squint you can see the Overbought/Oversold Oscillator turned up anyway.
In a rising interest rate environment, fixed-income assets typically fall out of favor. However, after the recent sell-off, corporate bonds and related exchange traded funds have attracted more attention, ...
A gloomy growth outlook as a result of weaker-than-expected economic data sank Euro zone bond yields on Friday after the IHS Markit Flash Eurozone PMI index fell to 51.7 during the month of December, which ...
The capital markets are hanging on to any sliver of positive news whether it's progress regarding a U.S.-China trade deal or more dovishness from the Federal Reserve next week, which could trigger a shift back to risk-on where high-yield fixed income can be a more attractive option than leveraged loan options that feature a floating rate component. "So leveraged loans are performing worse than high yield," said Peter Tchir, a contributor at Forbes. As Tchir notes, the Federal Reserve has been increasing its dovish tones as of late even if the general consensus is that a rate hike in December will most certainly occur as the CME Group’s FedWatch Tool, an algorithm that calculates the probability of a rate hike in a given month, is now showing an 80.1% chance the Fed will institute a fourth rate hike to end 2018.
The Bloomberg Barclays High Yield Energy Total Return Index was up 0.77%, marking its highest gain in two years since the Organization of the Petroleum Exporting Companies (OPEC) agreed to reduce supply ...
Federal Reserve Chair Jerome Powell had the capital markets feeling joyful and triumphant after delivering a speech at the Economic Club of New York on Wednesday where he sounded more dovish on the central ...
Five charts show why investors and regulators worry about the building risks in corporate debt, say analysts at HSBC.