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There is no yield in high yield (HYG, JNK), there is only junk, says Jim Grant, speaking at IU's...

There is no yield in high yield (HYG, JNK), there is only junk, says Jim Grant, speaking at IU's Inside ETFs conference.The recovery has brought forgetfulness, he says, and we are as uninhibited in lending and borrowing now as we were in 2007.
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Comments (7)
  • bbro
    , contributor
    Comments (10134) | Send Message
     
    This ain't 2007...not by a long shot...
    12 Feb 2013, 03:51 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Really? Look at a 10-yr chart of LQD.
    12 Feb 2013, 04:00 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4750) | Send Message
     
    Mr. Grant is extremely smart and understands credit well. More on Grant here: http://seekingalpha.co...
    12 Feb 2013, 03:51 PM Reply Like
  • Stone Fox Capital
    , contributor
    Comments (6714) | Send Message
     
    Not even close to 2007. Too many people want to shoot down every gain.
    12 Feb 2013, 03:54 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Or provide some reality checks.
    12 Feb 2013, 04:00 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Corporate bond funds are overbought, HY or IG.
    12 Feb 2013, 04:06 PM Reply Like
  • MexCom
    , contributor
    Comments (3057) | Send Message
     
    Just updated my zero's chart - bonds have rallied off their January lows. JNK has recently cut their payout. Bond values have increased and calls and matured bonds are being replaced by issuers with lower yielding debt. I'm limiting my future exposure to these and buying stocks with growing dividends.
    13 Feb 2013, 05:50 AM Reply Like
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