HYG - U.S. Corporate Bonds: Cleanup On Aisle 5
By Kevin Flanagan, Senior Fixed Income Strategist
A bit over a month into the new year, and the two asset classes whose performance stands out are U.S. investment grade ((IG)) and high-yield ((HY)) bonds. This recent turn of events is certainly a noteworthy reversal of fortune from how 2018 came to a close as both IG and HY suffered negative returns during the risk-off period of the fourth quarter. So, what should investors do with this newfound experience? In my view, fixed income investors should use this opportunity to clean up their corporate bond exposure