CJNK News and Press, SPDR ICE BofAML Broad High Yield Bond ETF From 07/21/19

"They say ignorance is bliss....they're wrong " - Franz Kafka If someone had told me during my long career on Wall Street that one day there would be negative yielding bonds I would have thought that person "Nuts!" It made no empirical sense then, and it makes no empirical sense now. Yet, ...

To many onlookers, since the great financial crisis, the world of fixed income securities has become an alien landscape. Yields on government bonds have fallen steadily across all developed markets. As the chart below reveals, there is now a record US$13trln+ of negative-yielding fixed income ...

SPDR BofA Merrill Lynch Crossover Corporate Bond ETF (NYSEARCA: CJNK ) declares monthly distribution of  $0.1382 . More news on: SPDR BofA Merrill Lynch Crossover Corporate Bond ETF, News on ETFs, Dividend News, , Read more ...

The bond market is putting a lot of pressure on Fed Chairman Jerome Powell to start rate cuts in July and to signal such in the upcoming June 19th FOMC meeting. A meeting date two days prior to traders' often volatile June quadruple witch. To think that positions are not being taken for this "...

By Kathy A Jones Returns for fixed income investors have been very strong year-to-date in 2019. If you were invested, it's likely that you got a positive return. Every fixed income asset class, from the "risk-free" to the riskiest, has posted gains thanks to the steep drop in long-term int...

The two US dollar proxies followed regularly are the Invesco DB USD Bullish ETF (UUP) and the DXY. The UUP is a tradeable ETF, but it generates a K-1, therefore I stopped buying it for clients. Both the DXY and the UUP have identical currency weightings: Euro: 58% Yen: 14% ...

We were waiting for new tariffs on China and instead got new tariffs on Mexico, a country that has agreed to a new trade deal to replace the old NAFTA. Clearly, using tariffs to resolve immigration issues is an innovative tool, but does it really solve anything? Many of the immigrants Presid...

One of the lessons of the past few decades' boom/bust cycles is that each financial bubble emerges in a different asset class. In the 1970s it was precious metals, in the 1980s junk bonds, in the 1990s tech stocks and in the 2000s mortgage-backed bonds. Today, the only one of these with a re...

I recently discussed one of the biggest potential "flash points" for the financial markets today - corporate debt. What I find most fascinating is how quickly many dismiss the issue of corporate debt with the simple assumption of "it's not the subprime mortgage market." Correct, it's...

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...