|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||36.75 - 36.90|
|52 Week Range||35.05 - 37.46|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.40%|
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.