HYGH News and Press, iShares Interest Rate Hedged High Yield Bond From 10/13/23

2023-10-13 14:05:00 ET Summary According to Moody’s, default rates are now sitting at 3% in Europe and 4.8% in the US. We expect to see a rise of 2.5% in Europe next year and just a 1.2% rise in the US. We have seen more defaults registered in the US thus far, and the lands...

2023-10-13 03:12:00 ET Summary For most non-profit investors, fixed income has a dual role of generating returns while managing risk. Some investors are considering making tactical tilts to their fixed income portfolios to take advantage of the current high-yield environment. ...

2023-10-12 12:01:00 ET Summary Tight monetary policy is slowing growth, but we see room to avoid a hard landing in the U.S. while Europe and China remain key risks on a global basis. In a higher-for-longer rate environment, shorter maturities offer opportunity, with potential for ...

2023-10-11 03:24:00 ET Summary Consumer spending has remained resilient to date; therefore, the timing of a recession has become unclear. Higher rates have made yield the beacon for bondholders and drawn stability-seeking investors toward investment-grade credit. Solid reserve...

2023-10-09 11:30:00 ET Summary Shifting supply-and-demand dynamics appear to be driving bond markets more than fundamentals, which makes for a bumpy ride. Through the fourth quarter of 2022, U.S. and global growth outlooks were becoming steadily more pessimistic. While short- ...

2023-10-04 07:42:00 ET Summary With yield curves still inverted, a short-dated high-yield strategy continues to make sense for return-seeking investors with a defensive mindset. US and euro high-yield spreads have tightened this year (by about 93 bps and 19 bps respectively), driv...

2023-10-03 04:06:00 ET Summary Despite compelling evidence that central banks have likely completed or nearly completed their hiking cycles, yields have continued to rise globally and are now at cyclical highs. Sustained higher interest rates are also likely to lead, eventually, t...

2023-09-26 04:34:41 ET Summary HYGH invests in high yield bonds, and hedges its interest rate exposure. The fund has outperformed in the recent past, and yields more than its peers. An overview of the fund follows. I last covered the iShares Interest Rate Hedged ...

2023-09-21 02:26:55 ET Summary iShares Interest Rate Hedged High Yield Bond ETF allows investors to bet on the direction of credit spreads. Contrary to my expectations, HYGH has performed well since the regional bank crisis as policymakers prevented credit contagion through liquid...

2023-09-15 05:30:00 ET Summary In corporate credit, we evaluate convexity as the upside price potential compared to the downside price potential. Newly issued high yield bonds typically have limited upside price potential compared to downside price potential. Newly issued inve...