Seeking Alpha

High-yield holds up as equities sell off

  • Junk bonds are torn between the slide in Treasury yields (good for prices) and a stumbling stock market (not good), and they've split the difference thus far this year - both HYG and JNK are about flat.
  • "High yield has held up relatively well amid the recent emerging market-driven volatility," say Barclays credit strategists Brad Rogoff and Jeff Meli, with the rally in rates acting as a "stabilizer" amid the volatility of the selloff in risk assets. "Fund flows, which had been mixed in the past few weeks, have turned to moderate but manageable outflows."
  • High-yield ETFs: HYG, JNK, HYLD, HYS, SJNK, PHB, BSJF, SJB, BSJE, HYHG, BSJG, BSJI, ANGL, HYLS, XOVR, UJB, BSJH, THHY, QLTC, SHYG, BSJK, HYZD, HYND, BSJJ
Comments (1)
  • DeepValueLover
    , contributor
    Comments (8139) | Send Message
     
    Gosh, its as if central banks around the world are forcing people to be desperate for yield!!

     

    No Fed manipulation = junk bonds down for the count
    31 Jan, 03:59 PM Reply Like
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