|Bid||37.28 x 53200|
|Ask||37.29 x 8100|
|Day's Range||37.25 - 37.30|
|52 Week Range||35.05 - 37.46|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.40%|
Puerto Rico’s debt hit a record low today after President Donald Trump suggested the island’s debt may have to be wiped out after Hurricane Maria’s destruction.
Alan Valdes, Director of Floor Operations at Silverbear Capital, joins Yahoo Finance's Alexis Christoforous from the floor of the New York Stock Exchange to discuss why US stocks are off today.
Alan Valdes, Director of Floor Operations at Silverbear Capital, joins Yahoo Finance's Alexis Christoforous from the floor of the New York Stock Exchange to discuss the latest economic data, including the Philadelphia Fed Survey, which came in high above expectations.
Investors have poured more than $100 billion into bonds this year. Fixed income experts believe a turnaround could be at hand.
Investors continue to shovel money into corporate bonds, squeezing the yield earned over Treasury bonds to fresh multi-year lows. The voracious buying of corporate bond funds has coincided with the latest ...
Even junk bond investors have had to get used to a low volatility year. In the two months ended September 21, the high yield option-adjusted spread moved only two basis points -- from 364 to 362, finds Marty Fridson, ...
Next week comes with 11 Fed speeches. Meanwhile, this could be the GOP's last chance to repeal Obamacare before the year's over.
Investors shouldn't get too complacent about high yield overvaluation -- even though it has remained at extreme levels for going on a year and a half, says Marty Fridson, chief investment officer of Lehmann Livian Fridson Advisors. In his latest article on LCD News, a division of S&P Market Intelligence, he reports: High-yield’s overvaluation intensified in August despite a 24 bps widening of the BAML High Yield Index’s OAS, from 361, to 385 bps. An increase of 42 bps, from 610, to 652, in the fair value spread more than offset that widening of the actual OAS.
Fully 81% of global fund managers surveyed by Bank of America Merrill Lynch this month said corporate-bond markets are “overvalued.” That’s the highest level in 11 months.
Income-oriented investors should sell the PowerShares Senior Loan Portfolio exchange-traded fund (BKLN) and buy high-yield bonds or funds, says Brean Capital macro strategist Peter Tchir. In a follow-up to his previous recommendation to get out of the popular loan ETF or even short it, Tchir Tuesday expanded on why he prefers junk bonds to more conservative bank loans: "The Floating Rate element seems less valuable as the pace of Fed rate hikes slows significantly, if not coming to a complete standstill. "The seniority of being senior secured is less appealing here.
Fund giant Vanguard Group unveiled plans Tuesday for a total-market corporate bond ETF that would offer the lowest expense ratio on the market.
Compared to U.S. high yield bonds, emerging markets high yield bonds offered a 90 bps yield pickup as of June 30, 2017.1 The extra yield came with a lower duration (3.75…
Peter Tchir, Brean Capital’s macro income strategist, has an idea for investors looking for a ways to hedge credit risk: Short the popuar exchange traded fund PowerShares Senior Loan ETF (BKLN). There are lots of reasons this makes sense. Some are fundamental. BKLN, which owns leveraged loans, also known as bank loans, hasn’t slid in price, while high yield funds have.
Some details on the TESLA bond issue and the week long process that got us here to help you make informed decisions. Price action was weak, but it was a difficult week for high yield and markets in general and many market participants had already left for the day.
This is truly a tale of two cities: Washington and New York. Stocks traded on the New York Stock Exchange, downtown at Wall and Broad, and those on the Nasdaq, headquartered in Times Square, set record highs last week, at least in terms of the major market averages.
Sage is the world’s leading fixed-income ETF strategist. Based in Austin, Texas, it’s made a name for itself by offering institutional-grade insights and portfolios that consistently stay one step ahead of where fixed income is going.
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.