|Day's Range||37.38 - 37.46|
|52 Week Range||35.05 - 37.46|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.40%|
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.
Rates have been rising in the US, many expect this to continue. But what does this mean for investors?
If you want to find the best high-yield opportunities on Wall Street, you don’t follow bright neon signs – you turn over rocks.