|Bid||35.700 x 34100|
|Ask||35.710 x 42300|
|Day's Range||35.660 - 35.720|
|52 Week Range||35.260 - 37.460|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.40%|
In times when markets are frantic and investors need to unload quickly, high liquidity is a boon and that is where an ETF like SPDR Blmbg Barclays High Yield Bd ETF (JNK) can be advantageous. The focus of the ETF is to track the price and yield performance of the Bloomberg Barclays US High Yield Very Liquid Index (VLI). Eighty percent of JNK's total assets comprise the Bloomberg Barclays VLI and based on the chart below, a steady climb of the higher bottom levels may signal a possible run up in the second half of 2018.
MAY 11, 2018 Investors often say they’re worried about having too much high-yield bond exposure so late in the credit cycle. But many are still chasing returns in equities and other assets with even higher risk. We’ve got a better idea. Don’t get us ...
Longtime readers of Morningstar's research have heard us relentlessly beat the drum for funds that charge low fees. For all our manager research analysts' combing through historical portfolios, scrutinizing performance data, and grilling portfolio managers to formulate views on a fund's People and Process Pillars, there's no surer indicator that a fund has an advantage over its peers than a cheap price tag. Expenses are especially crucial to consider for fixed-income funds, because returns between bond funds tend to be more compressed.
A swift rise in bond yields in 2018 has sent fixed-income investors scrambling, with major categories of bond exchange-traded funds seeing steep outflows, while other groups have found favor. While flows into bond products remain positive overall—extending a decadelong rotation into fixed-income from stocks—investors have retreated from notable categories, a sign they believe yields could continue rising, which would mean further deterioration in the funds, as prices and yields move inversely to each other. Notably, the yield for the U.S. 10-year Treasury note (XTUP:TMUBMUSD10Y=X) topped 3% on Tuesday and neared its highest level since 2011.
There has been a lot going on this year, and while the stockmarket has grabbed most of the headlines, something has been going on in a corner of the market that should not be ignored. US high yield credit ETFs (also known as junk bonds), have seen ...
Skittish fixed income investors often dodge high-yield corporate bonds and the related exchange-traded funds. That is happening in a big way this year as the iShares iBoxx $ High Yield Corporate Bond ETF ...
Traders are bearish on high-yield corporate debt exchange traded funds (ETFs). Data confirm as much. For the week ended Feb. 27th, investors have yanked $171.3 million from the iShares iBoxx $ High Yield ...
If we turn back the clock to before the recession, we find that US debt levels weren’t this high, and unconventional programs like quantitative easing helped the economy recover from the Great Recession. The US Treasury must deal with higher interest rates and borrow more to keep the economy running, and this cycle could turn into a downward spiral unless revenues increase. The US Treasury is the king of the credit markets, and it’s followed by investment-grade (LQD)(VCSH) bonds and junk (JNK) bonds.
The recent market turmoil that shook investors’ confidence has settled for the time being, but the fear that another correction is around the corner could be unsettling. The reason for the market correction was the continued increase in bond (BND) yields, which resulted from rising inflation expectations. While everyone was focusing on market turmoil, investors may have missed out on the possibility of increased government debt, fueled by recent tax cuts and an expansive budget.
Demand to borrow ETFs that track junk bonds, a key metric determining short interest, has reached a value of $7 billion, its highest level ever recorded.
The catalyst was ongoing buying demand for bonds — especially high-yield “junk” issues — which is calming the nerves surrounding higher interest rates seen earlier this month. In his pre-released statement, he noted high asset price valuations, a firming of inflation pressures and ongoing labor market tightness as reasons to continue on the path of increasingly aggressive policy tightening. Treasury bonds strengthened, pushing down yields.
The advent of exchange-traded funds, especially high-yield ETFs, in the stock market offered investors with some of the best ways to create a diversified portfolio. ETFs offer mutual fund strength diversification, and spreading that risk creates more safety, up to a point.
JPMorgan CEO Jamie Dimon discusses the outlook for interest rates and what it means for the economy. He also shares his thoughts on new Federal Reserve chairman Jerome Powell.
Yahoo Finance's Jared Blikre and Alexis Christoforous discuss the hotly anticipated announcement of monetary policy by the Federal Open Market Committee followed by a press conference featuring Federal Reserve Chairman Jerome Powell.
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss central bankers moving the markets, including statements by Bank of Japan Governor Haruhiko Kuroda, Federal Reserve Bank of Dallas President Robert Kaplan, and European Central Bank President Mario Draghi (who speaks tomorrow morning).
Former Federal Reserve chairs Ben Bernanke and Janet Yellen sit down for a special event: Bernanke will interview Yellen on her career, her time at the Fed, her observations about the current state of the economy and the challenges that confront us. The two former Fed chairs will also take questions from the audience. Join the conversation at #FedDuet. More information: https://www.brookings.edu/events
Yahoo Finance's Jared Blikre and Alexis Christoforous discuss the latest report from the Council of Economic Advisors, which projects up to 3% growth for 10 years if President Trump's plans for continued deregulation and infrastructure proceed.