PHYL News and Press, PGIM Active High Yield Bond

2024-07-30 10:30:00 ET Summary During bullish years, corrections happen more often than you think. In a market driven by bullish momentum, it is challenging to abruptly change its direction without the influence of an outside force. So far, the current correction, which has re...

2024-07-29 14:10:00 ET Summary We have favored intermediate maturities between two and seven years and remained cautious on anything longer. We are more cautious on corporate credit, after taking a positive view on wider spreads at the start of the year and maintaining it through ...

2024-07-29 11:40:00 ET Summary On July 24th and after all the political turmoil, the CCC option adjusted spread to US Treasurys was about 800 basis points and that is higher than at the end of March. What we are seeing is a widening in the credit spread of the weakest existing cor...

2024-07-24 13:15:00 ET Summary A look at performance shows high yield often has a resilience and risk-adjusted return potential all its own. In the opening weeks of the third quarter of 2024, the Russell 2000 has made up more than half of its underperformance compared to the High ...

2024-07-23 07:20:00 ET Summary Financial conditions are getting looser overall despite Fed rate hikes and QT measures. Bankruptcy filings by larger corporations are at a 13-year high, with trouble in the junk-bond and leveraged-loan markets. Distressed debt exchanges are on th...

2024-07-22 03:40:00 ET Summary Corporate high-yield credit spreads tightened again this week to +309, down from +323 on July 5th, +324 on June 21, and +342 on April 19 ’24. Gradually tightening corporate high-yield credit spreads imply a US economy that remains in reasonabl...

2024-07-18 09:40:00 ET Summary Typically, higher yield bonds have more correlation with equities, and investment grade bonds correlate with Treasuries. Corporate bond futures allow investors to more precisely manage risk. Unlike U.S. Treasuries, corporate bonds are not backed ...

2024-07-12 10:10:00 ET Summary U.S. growth is softening as lower-income households feel the bite of higher interest rates. A first Fed rate cut could occur in September, provided inflation continues to decelerate, and economic activity does not reaccelerate. The inflation scar...

2024-07-03 08:50:00 ET Summary Volatility has recently ticked higher as central bank policies start to diverge and as market participants try to divine the timing and magnitude of central bank rate cuts. Investors should get comfortable with evolving policy expectations and data s...

2024-07-02 08:36:48 ET More on PGIM Active High Yield Bond ETF Seeking Alpha’s Quant Rating on PGIM Active High Yield Bond ETF Dividend scorecard for PGIM Active High Yield Bond ETF Read the full article on Seeking Alpha For further details see: PG...