HYBB - Now It's Time To Focus On The Path

August, 06 2024 12:15 PM iShares BB Rated Corporate Bond

2024-08-06 12:15:00 ET

Summary

Getting the pace of easing right will likely be more determinative for total return outcomes than even a few months ago.
With the bond rally over the past week, things have changed.
We believe the current pricing of the “end point” for a Fed easing cycle is appropriate.
As yields have moved lower, the negative carry in duration longs has increased, with significant implications for investors.

By Ashok Bhatia, CFA

Getting the pace of easing right will likely be more determinative for total return outcomes than even a few months ago. ...

Company Name:	iShares BB Rated Corporate Bond
Stock Symbol:	HYBB
Market:	NYSE