|Day's Range||88.65 - 88.79|
|52 Week Range||83.24 - 88.85|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.49%|
Like sensible drivers who refuse to rubberneck a traffic accident, the stock market for the most part continues to ignore the monster pileup that is the U.S. government. One corner of the financial markets may be taking notice, however.
Is one of the most important benchmarks on Wall Street in need of a serious upgrade?
Just as stocks are reaching new highs, so are junk bond indices. The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) is now trading close to $89, a new 52-week high. Thomas Byrne of Wealth Strategies & Management writes Wednesday: Folks, in my opinion, high yield is rich, as an asset class.