|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||27.72 - 27.76|
|52 Week Range||26.81 - 28.17|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.40%|
One result of the strong performance of junk bonds in the past six months is that most strategists now see the asset class as overvalued. Short-term high-yield bond ETFs actually have higher yields than their broader-market brethren. For example, the $3 billion iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) has a 4.74% yield, while its $19 billion sibling, the iShares iBoxx $ High Yield Corporate Bond ETF (HYG), has a yield of 4.67%.
The central bank is highly anticipated to raise interest rates for the second time this year but chances of further rate hikes this year are dim.
Over the past two months, high yield bonds have managed to disengage themselves from the daily volatility of the crude oil market. Whether this is good or bad going forward is the question.