PTBD News and Press, Pacer Trendpilot US Bond ETF From 12/20/20

Tech stocks have easily beaten high yield stocks over the past few years. We expect the opposite to happen going forward. Invest in tech, but invest more in high yield. For further details see: Why High Yield Should Pummel Tech

Junk bond yields have dropped to a record low. The effective yield of the ICE BofA US High Yield Index fell to 4.61% at the close on December 3. As bond yields fall, bond prices rise. For further details see: Junk Bond Yields Hit Record Low: Most Distorted Markets Ever ...

Broad US equities continued their momentum from Q2 following the dramatic COVID-19-driven decline earlier in the year. The S&P 500 rose 9% in Q3 after a 20% rise in Q2. Value-oriented stocks underperformed the broader market on concerns about economic fragility, the expiration of ...

Other than moving a few pieces around the board, the recent actions by the Fed only continues to move back the day of reckoning. The "extend and pretend illusion" our economy remains on a sound footing is alive and well. One place this is evident is in the area corporate bond mark...

The COVID-19 related sell-off in corporate bonds in Q1 2020 caused some commentators to express concern about the liquidity and functionality of fixed income ETFs, led by corporate bond ETFs. Widening discounts between corporate bond ETFs and NAV pricing after COVID-19 was cited as fu...

Some market observers have suggested that low and negative yields will hinder government bonds' ability to provide a buffer against down markets because bond returns will also be low. Amid the dramatic sell-off in risk assets earlier this year as the global pandemic took hold, and aga...

Spread levels have been on a noticeable downward trajectory from their peak level on March 23. HY spreads and default rates have an interesting relationship. The WisdomTree U.S. High Yield Corporate Bond Fund is focusing solely on public issuers and eliminating those with negative...

For 94 years, the "average, annual" return for large-cap stocks, which per the Ibbotson data is the S&P 500, is above 10%, and probably closer to 12%. The only return period that matched or roughly approximates the 103-year average, annual return for the S&P 500 is the decade ...

The bond markets are in the midst of a feeding frenzy. U.S. high-yield bond sales reached an annual record of $329.8 billion for the year, with three months left to go. The high yield's market's record year follows the U.S. investment-grade bond market, which reached a new record ...

Coming into COVID-19, a chunk of client bond money was in higher yielding money markets since credit spreads (in my opinion) offered little value prior to March 2020. After the 35% correction in the S&P 500, and upon the announcement of the Fed liquidity programs, all that money w...