|Day's Range||88.86 - 89.04|
|52 Week Range||83.24 - 89.04|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.49%|
The junk bond market is a lot more optimistic about the state of the economy than the average economist. While economists see the odds of recession at 15%, pricing in the high-yield bond market indicates just 7% chance of recession, says Marty Fridson, chief investment officer at Lehmann Livian Fridson Advisors, in a report published Tuesday on S&P Capital IQ LCD.
A big milestone in the world of bond ETFs is coming this week.
Is one of the most important benchmarks on Wall Street in need of a serious upgrade?