CJNK News and Press, SPDR ICE BofAML Broad High Yield Bond ETF From 05/30/19

We see income, or carry, reasserting itself as the key driver of bond market returns. Scott explains. Coupon income historically has contributed the lion's share of total returns across global fixed income markets. Yet declining yields this year elevated the role of capital appreciation in...

By Seth Meyer, CFA Portfolio Manager Seth Meyer discusses the current state of the high-yield market, which he views as fairly priced, given a strong technical tailwind and constructive fundamentals. We believe investors can find attractive opportunities in B-rated bonds issued by companie...

The Corporate Maginot Line Since the post-financial crisis era began more than a decade ago, record low interest rates and the Fed's acquisition of $4 trillion of the highest quality fixed-income assets have led investors to scratch and claw for any asset, regardless of quality, offering r...

Global high yield bonds sold off amid the latest spike in market volatility, along with other risk assets. Yet this does not change our view that exposure to the asset class is important for fixed income investors in an environment where carry, or coupon income, is becoming the main driver of ...

By Vladimir Nikulin, CFA During the last week, the iShares iBoxx $ High Yield Corporate Bond ETF ( HYG ) declined by 0.46% primarily due to monthly dividend payments last week. HYG's underlying portfolio demonstrated neutral performance (0.0%) due to lack of positive news during the last w...

By now just about everyone understands what junk bonds are and why they matter. But there's a non-publicly traded version of this kind of debt that's also soaring and has recently caught the Fed's eye. Called leveraged loans, these are loans made by banks to companies with weak balance sheets ...

Before the last January '18, February '18 plunge in the equity markets, the S&P 500 peaked on January 26, 2018, at 2,872 - 2,873. With Friday night's close at 2,945, the total gain for the S&P 500 (excluding dividends) is 2.5% from that January '18 peak. That is a paltry return for t...

By Gershon Distenfeld and Will Smith The S&P 500 Index hit an all-time high on April 23, thanks to improving investor optimism. But for some equity investors, market highs signal a good time to reduce downside risk. There are additional reasons investors may want to trim their sails....

The S&P 500 closed within one point of September 2018 all-time last Friday. You'd have to think "everyone" is watching what happens this week. I wouldn't be surprised to see a pullback here since the S&P 500 usually takes a few tries to poke through a longer-term high. Market Bread...

By Matthew Sheridan, Matthew Minnetian and Gershon Distenfeld The market has grown less anxious about an imminent wave of bond downgrades. That's good, because overestimating the risk can lead to missed opportunities. But the risk hasn't disappeared, making research as important as ever. ...