- Junk-grade defaults rose twenty basis points to 2.3% in February, according to Moody's, which one year ago expected the rate to be 2.6% by this time.
- Moody's sees the rate ticking higher to 2.5% by the end of the year - still well below the historical average of 4.5%.
- ETFs: HYG, JNK, HYLD, SJB, ANGL, HYLS, UJB, XOVR, QLTC