CEFZ - I See The Hog But Where's The Yield?

January, 13 2020 02:19 AM UBS AG London Branch ZC SP ETN REDEEM 10/12/2043 USD 25 - Ser B

The most problematic part of the markets at present, in my humble opinion, is the lack of yield. Basically, it just ain't nowhere to be found. We are in a "Borrower's Paradise" and a "Fixed-Income Investor's Hell." The real issue now is "Absolute Yield" and not "Relative Yield." Consider that the 2 year Treasury is at 1.57% while the 10 year Treasury is at 1.82%.

Consider the following data from Bloomberg:

U.S. Treasury Index 1.76%
U.S. Corporate Bond Index 2.80%
U.S. MBS Index 2.45%
U.S. High Yield Index 5.04%
U.S. Muni Bond Index 1.66%

Company Name:	UBS AG London Branch ZC SP ETN REDEEM 10/12/2043 USD 25 - Ser B
Stock Symbol:	CEFZ
Market:	NYSE

Twitter