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|Bid||37.20 x 82200|
|Ask||37.21 x 78600|
|Day's Range||37.19 - 37.23|
|52 Week Range||35.05 - 37.46|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.40%|
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.
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.
Todd Rosenbluth is director of ETF and mutual fund research at CFRA. In early June, after traveling throughout the U.S., People magazine published a double-digit list of best new summer ice cream flavors from a variety of purveyors. Unfortunately, I have not independently taste-tested them.
|Numericable Grp Sa 144A 7.375%||N/A||0.68%|
|Numericable Grp Sa 144A 6%||N/A||0.48%|
|Western Digital 10.5%||N/A||0.47%|
|First Data 144A 7%||N/A||0.44%|
|Prime Sec Svcs Borrower Llc / 144A 9.25%||N/A||0.41%|
|Chs / Cmnty Health Sys 6.25%||N/A||0.39%|
|Frontier Comms 11%||N/A||0.38%|
|Reynolds Grp Issuer 5.75%||N/A||0.38%|
|Cco Hldgs Llc / Cco Hldgs Ca 144A 5.125%||N/A||0.38%|