JNK - SPDR Blmbg Barclays High Yield Bd ETF

NYSEArca - NYSEArca Delayed Price. Currency in USD
35.51
+0.01 (+0.03%)
At close: 4:00PM EST

35.51 0.00 (0.00%)
After hours: 4:50PM EST

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Previous Close35.50
Open35.47
Bid0.00 x 301500
Ask0.00 x 21500
Day's Range35.45 - 35.53
52 Week Range32.92 - 36.38
Volume6,410,518
Avg. Volume17,700,763
Net Assets8.37B
NAV35.33
PE Ratio (TTM)N/A
Yield5.63%
YTD Return6.06%
Beta (3Y Monthly)0.47
Expense Ratio (net)0.40%
Inception Date2007-11-28
Trade prices are not sourced from all markets
  • Trade War Remains Investors’ Top Concern
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    Trade War Remains Investors’ Top Concern

    BAML Survey: Fund Managers Aren't Optimistic about Recent Rally(Continued from Prior Part)Trade war still investors’ top concernIn Bank of America Merrill Lynch’s February 2019 survey, trade war concerns remained the top tail risk cited by

  • Investors Haven’t Abandoned Junk Bonds
    Investopedia11 days ago

    Investors Haven’t Abandoned Junk Bonds

    One of the industry’s components, Mattel, Inc. (MAT), hit its highest price point during the last bull market all the way back in 2013 and has been falling ever since. The drop has been so severe that Mattel stock actually fell to a lower price point in late December 2018 than it did following the 2008 financial crisis. Mattel beat revenue estimates by $80 million and earnings estimates by $0.23 per share – coming in at $1.52 billion and $0.04 per share, respectively.

  • 4 ETF Areas Getting All Love in Valentine Month
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  • ETF Trends18 days ago

    Junk Bond ETFs Could Disappoint This Year

    High-yield corporate bond exchange traded funds, such as the iShares iBoxx $ High Yield Corp Bond ETF (HYG) and the SPDR Bloomberg Barclays High Yield Bond ETF (JNK), struggled last year. Some market observers believe the junk bond rally could be short-lived and that the asset class could disappoint again this year. “According to Bloomberg, high yield bonds limped into 2019 after suffering from a December selloff that was the worst month for the asset class since 2011,” said State Street in a recent note.

  • How Risky Assets Have Behaved Lately
    Market Realist21 days ago

    How Risky Assets Have Behaved Lately

    Responding to Rising Risks(Continued from Prior Part)VanEck Now, how is the market reacting to that? You see it in the fixed income markets, spreads are widening. Look at credit spreads, credit spreads are widening, a sign that default risks are

  • ETF Trendslast month

    Dow Gains 300+ Points; Treasury Yields Rise

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  • ETF Trendslast month

    Investors Dove into High-Yield Bond Funds the Past Week

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  • ETF Trendslast month

    Junk Bond ETFs: Investors Growing Bullish

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  • Fund Managers Most Concerned about Corporate Leverage Since 2009
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    Fund Managers Most Concerned about Corporate Leverage Since 2009

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  • ETF Trendslast month

    Investors Return to Junk Bond ETFs

    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 ...

  • ETF Trendslast month

    Recent Risk-On Sentiment Spurs High Yield Bond ETF Flows

    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 ...

  • Why Gundlach Expects a Wave of Corporate Downgrades to Come
    Market Realistlast month

    Why Gundlach Expects a Wave of Corporate Downgrades to Come

    Most of Gundlach’s 2018 Calls Were Spot On—What about 2019? (Continued from Prior Part) ## Gundlach on US federal debt As reported by Reuters, Jeffrey Gundlach called the ballooning US (SPY) (VOO) federal government debt “a completely horrific situation.” In 2018, total US debt increased by $1.4 trillion, far more than the ~$900 billion budget deficit. Gundlach also said that the United States could be at a “tipping point” in a “debt-compounding cycle.” He asked, “Are we growing at all or is it all just the increase in debt?” ## Ballooning interest costs Moreover, Gundlach cited data provided by the CBO (Congressional Budget Office), which reflect rising interest costs for the US government. The CBO expects debt to reach 3.7% of GDP by 2035 from ~1.4% in 2015. ## Corporate leverage is also bad Gundlach is also focused on corporate leverage and said that there is a significant risk of downgrades in the BBB space as leverage has risen to near record highs. Gundlach used a historical leverage ratio analysis to highlight how large a portion of BBB rated bonds (BND) would be junk (JNK) right now. As reported by Yahoo finance, Gundlach said, “Actually, 45% of the entire investment grade bond market would be rated junk right now … based on leverage ratios. Forty-five percent.” Gundlach has also stated that while downgrades have started to happen, even more should have happened already. He thus expects a wave of downgrades to come. Continue to Next Part Browse this series on Market Realist: * Part 1 - Most of Gundlach’s 2018 Calls Were Spot On—What about 2019? * Part 2 - Jeffrey Gundlach: How to Survive the Market Zigzags in 2019 * Part 3 - Gundlach: Junk Bond Market Is Flashing Yellow on Recession

  • Where Gundlach sees risks, some on Wall Street size up junk bonds as ‘opportunity’
    MarketWatchlast month

    Where Gundlach sees risks, some on Wall Street size up junk bonds as ‘opportunity’

    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.

  • Gundlach: Junk Bond Market Is Flashing Yellow on Recession
    Market Realistlast month

    Gundlach: Junk Bond Market Is Flashing Yellow on Recession

    Most of Gundlach’s 2018 Calls Were Spot On—What about 2019? (Continued from Prior Part) ## How near are we to a recession? Currently, one of the questions on the minds of most investors is whether we are entering a recession. According to a chart shown by Jeffrey Gundlach, if we consider the way junk bond spreads have generally behaved six months ahead of recessions, we’ll find that there’s no immediate contraction on the horizon. He notes, however, that according to the red line in the graph above, the recession risk is rising even if it’s still relatively early. ## Flashing yellow Gundlach is somewhat concerned about the high-yield junk bond (JNK) market, which he’s said is now “flashing yellow.” He added that while this could be a “false negative,” it’s “something we’re going to have to watch very, very carefully.” Gundlach also thinks that the corporate bond market has the potential for negative surprises. He thus advises investors to use the strength of junk bonds as a gift and get out of them. ## Yield curve and recession fears Regarding his outlook on the yield curve, the bond king has said that contrary to conventional wisdom, he expects the bond curve (TLT) (BND) to steepen. He noted that the yield curve will flatten but will steepen before a recession begins. At the beginning of December, part of the US Treasuries yield curve inverted for the first time since the recession, with the spread between five- and three-year Treasury yields narrowing to -0.01 percentage points. The most-watched spread, the one between the two- and ten-year Treasury yields, also narrowed the most it had since the previous recession. The markets (DIA) (IVV) have been concerned that more hikes from the Fed could invert the curve, which has usually been an accurate predictor of upcoming recessions. Continue to Next Part Browse this series on Market Realist: * Part 1 - Most of Gundlach’s 2018 Calls Were Spot On—What about 2019? * Part 2 - Jeffrey Gundlach: How to Survive the Market Zigzags in 2019 * Part 4 - Why Gundlach Expects a Wave of Corporate Downgrades to Come

  • ETF Trendslast month

    Some Investors Return to Junk Bond ETFs

    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 ...

  • ETF Trendslast month

    An ETF to Take Advantage of Weakness in High Yield Bonds

    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.

  • Most Loved and Hated ETFs of 2018
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  • Preferred Stock ETFs vs. Bond ETFs (PGX, PFF)
    Investopedia2 months ago

    Preferred Stock ETFs vs. Bond ETFs (PGX, PFF)

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  • If Mnuchin’s worried about liquidity, here’s where it’s actually a problem
    MarketWatch2 months ago

    If Mnuchin’s worried about liquidity, here’s where it’s actually a problem

    Treasury Secretary Steven Mnuchin’s meeting with banks over adequate liquidity could bring attention to the dearth of trading in fixed-income markets

  • Market Exclusive2 months ago

    Market Morning: Trump Fumes at Fed, Treasury Auction Bonanza, Junk Bonds Get Junkier, Government Shuts Down

    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.

  • TheStreet.com2 months ago

    Wednesday's Action Was Not What I Had in Mind

    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.

  • ETF Trends2 months ago

    Investors Are Giving Bond ETFs a Second Look

    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, ...

  • There is no relief for junk bond ETFs as oil tanks by nearly 8%
    MarketWatch3 months ago

    There is no relief for junk bond ETFs as oil tanks by nearly 8%

    Exchange-traded funds focusing on high-yield corporate paper, or “junk” debt, extend their struggles as oil markets came under pressure