JNK - SPDR Blmbg Barclays High Yield Bd ETF
34.67 +0.06 (0.17%)
Pre-Market: 8:39AM EST
| Previous Close | 34.51 |
| Open | 34.62 |
| Bid | 34.66 x 900 |
| Ask | 34.68 x 45100 |
| Day's Range | 34.60 - 34.71 |
| 52 Week Range | 34.29 - 37.05 |
| Volume | 18,158,290 |
| Avg. Volume | 15,876,069 |
| Net Assets | 7.24B |
| NAV | 34.70 |
| PE Ratio (TTM) | N/A |
| Yield | 5.69% |
| YTD Return | -0.97% |
| Beta (3Y Monthly) | 0.46 |
| Expense Ratio (net) | 0.40% |
| Inception Date | 2007-11-28 |
- MarketWatch•20 days ago
There is no relief for junk bond ETFs as oil tanks by nearly 8%
Exchange-traded funds focusing on high-yield corporate paper, or “junk” debt, extend their struggles as oil markets came under pressure
- MarketWatch•24 days ago
Junk bonds — no longer 2018’s darling — flip to red as the corporate debt climate deteriorates
Amid a chorus of concerns over corporate debt, a key index for the high-yield bond market was on track to post losses this year, losing its status as one of the last corners of Wall Street to carry positive returns in 2018.
- Barrons.com•24 days ago
Bonds’ Selloff Continues as Safety Loses Some Appeal
After a bear of a credit selloff last week, and a brief pause on Friday, bond markets fell a bit further on Monday.
- ETF Trends•last month
Fixed-Income Investors Turning Yield Up to ‘High’
While investors were turning their capital allocation down to the “low” setting in U.S. equities as the Dow Jones Industrial Average lost as much as 500 points on Monday, fixed-income investments were ...
- MarketWatch•last month
Junk bonds are sending the stock market a reassuring message
The usual warnings from the bond market are nowhere to be seen, a sign that the October stock-market selloff is likely over.
- ETF Trends•2 months ago
Harvesting Opportunities With Bond ETFs
The Federal Reserve has hiked interest rates three times this year, prompting some fixed income investors to depart some of the largest bond ETFs. For example, the SPDR Barclays High Yield Bond ETF (JNK) and the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) are among the top 10 ETFs in terms of year-to-date outflows. The Federal Reserve’s rising interest rates have been a main contributing factor in the downfall of investment-grade bonds this year.
- MarketWatch•2 months ago
High-yield bond ETFs fell victim to stock slump
High-yield corporate bonds came under pressure last week as the panic in financial markets spared few investments.
- ETF Trends•2 months ago
Market Volatility Reveals Popularity of ETF Investment Vehicle
With volatility spiking and the markets being thrown into chaos, investors have turned to ETFs as one of their go-to tools to access the markets. For example, on Tuesday when U.S. Markets were down 3.8% and the CBOE Volatility Index or VIX jumped to a 23 reading from 16, 35% of the total notional market value was attributed to ETF exchanging hands, according to Deutsche Bank data. Furthermore, looking at the outflows in iShares iBoxx $ High Yield Corp Bd ETF (HYG) , SPDR Barclays High Yield Bond ETF (JNK) , iShares Core US Aggregate Bond ETF (NYSEArca: AGG) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) with a combined excess of over $7 billion, it is worth mentioning that there are dozens of ETFs that are built as an alternative to simply holding cash.
- Benzinga•2 months ago
Feel The Love For Junk Bond ETFs
On a year-to-date basis, corporate bond exchange traded funds have been out of favor with fixed income investors amid fears of higher interest rates. Three of the top 10 ETFs in terms of 2018 outflows ...
- ETF Trends•3 months ago
Fixed-Income ETF Investors Should Think About a Tax-Loss Harvesting
Bond investors should consider the current status of the fixed-income environment and look ways to incorporate ETFs as a means to effectively harvest potential losses. On the recent webcast (available On Demand for CE Credit), Tax Loss Harvesting: What You Need to Know, Matthew Bartolini, Vice President and Head of SPDR Americas Research at State Street Global Advisors, illustrated a current fixed-income market environment where the yield curve has flattened. The Federal Reserve is slowly lifting the short end of the curve through interest rates hikes, and the markets are anticipating at least two more hikes before the year ends.
- ETF Trends•3 months ago
Tax Loss Harvesting: What You Need to Know
With the end of the tax year a few months away, it is never too early to plan ahead with exchange traded funds. On the upcoming webcast, Tax Loss Harvesting: What You Need to Know, Matthew Bartolini, Vice ...
- ETF Trends•4 months ago
Low Supply a Catalyst for Junk Bond ETFs
Broadly speaking, 2018 has been a trying year for fixed income investors. The Bloomberg Barclays US Aggregate Bond Index, one of the most widely followed bond benchmarks, is lower by 1.5% year-to-date, but some corners of the fixed income space are delivering solid performances. Perhaps surprisingly, the positives in the bond space include high-yield corporate bonds.
- ETF Trends•4 months ago
Chinese Junk Bond Yields on the Move
China’s dollar-denominated junk bonds have been on a skyward move since the beginning of 2018 followed recently by 13 consecutive days of declines, but it appears that yields on these below-investment grade debt issues could be on the move up again. While yields were declining since mid-July as a result of the Chinese government undertaking an easing path to give its economy a shot in the arm, Dongxing Securities (HK) Asset Management Co. says this measure could only be temporary. “Although market sentiment has improved quite a bit for now, no one knows at this point how long the easing policy will sustain,” said Chak Lau, a credit investment manager at Dongxing Securities (HK) Asset Management Co. “It’s difficult to say whether the central bank will stop the music and continue to emphasize the deleveraging campaign again.
- ETF Trends•4 months ago
An Old Favorite Among Junk Bond ETFs
Among high-yield corporate bond ETFs, the SPDR Blmbg Barclays High Yield Bd ETF (JNK) is one of the bellwether funds. JNK is the second-largest junk bond ETF by assets. JNK tracks the Bloomberg Barclays High Yield Very Liquid Index and “seeks to provide a a diversified exposure to US dollar-denominated high yield corporate bonds with above-average liquidity,” according to State Street Global Advisors (SSgA).
- ETF Trends•4 months ago
Junk Bond ETFs Experience Uptick in Inflows, Volume
The Federal Open Market Committee is in the midst of a two-day meeting to discuss the current economic landscape and upcoming moves on monetary policy, which will include a policy decision announcement set to take place today with bond markets already reacting ahead of the decision. The latest data from the Department of Commerce reveals gross domestic product rising by 4.1% in June, which could be a key motivator for the Fed with respect to determining monetary policy. Yesterday, Vanguard Interm-Term Corp Bd ETF (JNK) received an influx of 35.82 million and SPDR Blmbg BarclaysST HY Bd ETF (SJNK) saw an uptick in buy volumes with $39.03 million worth of trading volume experienced. “We expect only minor changes to the policy statement to reflect the latest developments in the economy,” economists at Bank of America Merrill Lynch wrote in a research note.
- ETF Trends•5 months ago
China Bond Yields Climb as Government Signals Policy Shift
The yield on the benchmark 10-year Chinese government bonds ended 2.9 basis points higher at 3.562 percent as Beijing vowed that it would pursue a more "vigorous" fiscal policy in order to stimulate growth as expectations of looser conditions begin to rise. The change in policy comes as fears that the trade wars between China and the United States could heighten, dealing a blow to the current economic landscape. “The government is sending a clear signal that it is preparing to defend growth, ... Premier Li may be concerned about the negative impact of deleveraging on growth,” ANZ economists Raymond Yeung and Betty Wang said in a note.
- ETF Trends•5 months ago
Best Ideas for Long Duration Junk Bond Funds
With fixed income investors scrambling to reduce interest rate risk, some short-term bond funds are receiving renewed attention. Among high-yield ETFs, that conversation should include the SPDR Barclays ...
- ETF Trends•5 months ago
Junk Bond ETF Focuses on High Liquidity and High-Yield
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.
- Harvest Exchange•7 months ago
Want Sustainable Income? Spread Your Risk Around
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 ...
- Morningstar•7 months ago
Where Are the Benchmark-Beating Bond Funds?
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.
- Zacks•8 months ago
Here's Why You Should Steer Clear of Junk Bond ETFs
Junk Bond ETFs have had a rough quarter, as rising interest rates have been weighing on investors' risk appetite.
Harvest Exchange•8 months agoChartBrief 204 - HY Investors on the Run
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 ...
