2024-03-19 01:41:39 ET
Summary
- The article evaluates the SPDR Bloomberg High Yield Bond ETF as an investment option at its current market price.
- I express caution due to the uncertainty surrounding rate cuts and inflation, which could limit the performance of the bond fund.
- The tight spreads in the market are also seen as a limiting factor for potential opportunities with the ETF.
Main Thesis & Background
The purpose of this article is to evaluate the SPDR Bloomberg High Yield Bond ETF ( JNK ) as an investment option at its current market price. This is a high-yield bond fund with a primary objective "to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Barclays High Yield Very Liquid Index"....
Read the full article on Seeking Alpha
For further details see:
JNK: The Backdrop For Junk Bonds Has Moderated (Rating Downgrade)