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Utilizing Barclays Capital High Yielding Bond FundDerek Chipman • Wed, Dec 26, 2012 -
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Mr. Market's Global Bond Market AllocationsJames Picerno • Tue, Jun 4
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A Look Ahead: This Week's ETFs To WatchBenzinga • Mon, Jun 3 -
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There are no Transcripts on JNK.
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at CNBC.com (Thu, 8:49AM)
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at CNBC.com (Jun 5, 2013)
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at CNBC.com (Jun 1, 2013)
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at MarketWatch.com (Jan 17, 2013)
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at MarketWatch.com (Nov 16, 2012)
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at MarketWatch.com (Oct 16, 2012)
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at MarketWatch.com (Oct 12, 2012)
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at CNBC.com (Sep 7, 2012)
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at CNBC.com (Sep 5, 2012)
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at CNBC.com (Aug 22, 2012)
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at CNBC.com (Aug 15, 2012)
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at CNBC.com (Jul 16, 2012)
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at CNBC.com (Jun 13, 2012)
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at MarketWatch.com (May 24, 2012)
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at MarketWatch.com (Apr 2, 2012)
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at MarketWatch.com (Mar 14, 2012)
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at MarketWatch.com (Feb 23, 2012)
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at MarketWatch.com (Feb 6, 2012)
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at CNBC.com (Feb 6, 2012)
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at MarketWatch.com (Jan 20, 2012)
JNK vs. ETF Alternatives
JNK Description
The SPDR® Barclays Capital High Yield Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Barclays Capital High Yield Very Liquid Index. Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
See more details on sponsor's website
See more details on sponsor's website
Country: United States
Key Info
- In Your Portfolio: Broad U.S. Bond ETFs, A Guide to U.S. Corporate Bond ETFs
- Asset Class Performance: Bonds
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Saturday, June 15, 11:36 PM UBS thinks it may be 1994 all over again. Some similarities: The Fed's actions to reflate the economy post-2008 resemble the easy money policies that were put in place post-S&L crisis; current "lackluster" economic growth mirrors "mini-cycles"of '90-'93; 290 bps plunge in Treasury yields from '07-'12 reminiscent of 400 bps decline from '90-'94; downtrend in CPI over the past five years resembles drop from early '90s to '94. UBS' advice: Avoid "popular convergence trades" such as EM credit (EMB, EMLC), EU periphery sovereign debt (ITLT, ITLY), U.S. MBS (MBB,VMBS), and high yield (HYG, JNK). 2 Comments
- Tuesday, June 11, 12:49 PM Short interest in the SPDR High Yield Bond ETF (JNK) has skyrocketed along with its declining price, but one wonders how much of the move is a directional bet and how much is arbitrage-related. The iShares High Yield Fund (HYG) has seen a rise in short intrest as well, but not on as great of a scale. 1 Comment
- Wednesday, June 5, 3:04 PM More from Apollo Global (APO) at the Deutsche Bank conference: Leverage levels - whether by measuring LBO leverage, dividend recap issuance, or "covenant-lite" issuance - are approaching and even exceeding pre-financial crisis levels (see slide 13). Josh Harris was on the mic today, but his co-founder Leon Black is on record saying he's "selling everything not nailed down" and company managers just cashed in by offering 21.1M shares in a secondary. High-yield (HYG, JNK has been particularly hard-hit in the last month. Comment! [Financials]
- Tuesday, June 4, 1:47 PM Stocks turn notably lower in afternoon trade, the S&P 500 (SPY -0.7%), the Nasdaq 100 (QQQ -0.6%), and the Dow (DIA) off triple digits. Interest rates were higher earlier, but falling equities have given Treasurys a renewed bid. Posting sizable gains earlier, junk bonds (HYG, JNK) have returned to flat on the session. Comment!
- Monday, June 3, 1:54 PM SPDR Barclays Capital High Yield Bond ETF (JNK) announces monthly distribution of $0.2024. 30-day SEC yield of 4.64% (05/30/2013). For shareholders of record June 05. Payable June 11. Ex-div date June 03. 1 Comment [Dividends]
- Saturday, June 1, 8:48 AM YTD junk bond issuance hits $254B globally, up 53% Y/Y. In the U.S., issuance is up 24% at $130.6B in the first five months of the year and some say the frothy market (see: 5% yield barrier broken) is ripe for a correction. In fact, data suggest cracks are already starting to show in the secondary market: investors pulled a combined $660M from HYG and JNK last week, as fears mount regarding the dreaded "taper". (Previously: Lousy month for high yield; anomalous high yield/ muni spread tightens) 1 Comment
- Friday, May 31, 3:04 PM A nasty close is in store for a lousy month for high yield (HYG -1%) as it loses some appeal amid now-visible Treasury rates. The yield spread over Treasurys was nearly 500 bps a year ago, but just 400 now. Through yesterday, investors have pulled about $1.5B from HYG and JNK according to IndexUniverse. Not falling as far as the index funds and actually seeing inflows this month is AdvisorShares' actively-managed high yield ETF (HYLD). 1 Comment
- Friday, May 24, 11:54 AM A bit of selling by investors in high-yield ETFs (HYG, JNK) has Wall Street banks stepping in - their holdings of junk paper rising 37% to $7.7B in the last 2 weeks. Also at work suggests JPMorgan's team is banks' - used to being cautious the past few years - becoming a little more comfortable with trading activity. Comment! [Financials]
- Thursday, May 23, 10:12 AM The ProShares High Yield-Interest Rate Hedged ETF (HYHG) starts trading today joining the likes of HYLS and THHY. The fund will short Treasurys to offset its exposure to high-yield corporate debt and comes with an expense ratio of 0.50% - significantly lower than THHY (1.45%) and HYLS (1.19%). Comment!
- Monday, May 20, 12:30 PM The hot market for corporate junk (HYG, JNK) has pushed the yield on high-yield corporates (4.88%) well below that of high-yield municipals (5.22% nominally, over 8% on a tax-equivalent basis). The nominal spread of 34 bps is down from 56 bps a week ago as investors take notice of the anomaly. High-yield muni ETFs: HYD, HYMB, XMPT. 4 Comments
- Monday, May 20, 9:47 AM UBS' 5 "suspected" asset bubbles: 1) Risk-free rates - specifically Treasurys (TLT), Bunds (BUND, BUNL), JGBs (JGBL, JGBT, JGBD, JGBS) 2) Credit (HYG, JNK) 3) Real estate in Asia (WPS) 4) Certain EM equity markets (EIDO, IDXJ, EPHE, THD, EWW) 5) Australian banks (WBK, NABZY.PK, ANZBY.PK, CMWAY.PK). Comment!
- Saturday, May 18, 9:15 AM Leon Cooperman and partner Steve Einhorn keep it simple: Stocks (VTI) are cheap relative to interest rates and inflation. The guy who bought T-bills (SHY) has migrated to T-bonds (TLT), the guy who bought T-bonds has moved to investment grade corporates (LQD), the guy who bought IG is now in high-yield (HYG, JNK), and so on (glasses clink in the FOMC board room). Their largest position is Sprint Nextel (S) - as fans of Masayoshi Son and long-time owners of DISH, the duo like seeing two industry titans both wanting the same asset. New Citigroup (C) management should be able to double ROE over the next 2-3 years, and Transocean (RIG) sells for a significant discount to asset value. 4 Comments [Quick Ideas]
- Friday, May 17, 12:53 PM The bull move in the greenback (UUP, UUPT) is just getting started, writes Vince Cignarella, believing the dollar's about to get another boost from safe-haven flows. The catalyst will be a selloff in fixed income taking yields on junk bonds (HYG, JNK) - now at all-time lows - to more realistic levels. The catalyst for the catalyst? It won't be 2007 all over again, he says, but instead maybe the dreaded "tapering" move from the Fed, or perhaps Syria flaming up higher. Comment! [Global & FX]
- Thursday, May 16, 12:07 PM Bill Gross pokes some fun at himself, telling Bloomberg TV "We are not always right, but we are always certain." He reiterates his belief that the 30+ year secular bond bull market is over, but isn't expecting a 1994-like meltdown in Treasurys. He instead thinks Treasurys (TLT) and corporates - both investment-grade (LQD) and high-yield (HYG, JNK) - won't move much over the coming 12 months. 4 Comments [U.S. Economy]
- Friday, May 10, 5:57 AM Don't panic, Moody's says, there's "no strong evidence that recent [corporate debt] issuance levels presage a damaging correction." The notion that a bubble is building in the corporate bond market isn't reflected in credit spreads which, for both investment grade (LQD) and high yield (HYG, JNK), are closer to long-run averages than they are to alarmingly tight. Furthermore, the ratings agency says a surge in issuance reflects the "disintermediation of the banking sector" and notes that the proportion of total corporate liabilities comprised of debt securities hasn't significantly increased over the past two years." We can all rest easy now. (previous) 2 Comments
- Wednesday, May 8, 11:38 AM The 5% yield barrier on junk bonds (HYG, JNK) is broken for the first time ever, the Barclays U.S. High Yield Index sliding to 4.97% (prior to Jan., the yield had never fallen below 6%). Spreads to Treasurys remain at a not-unreasonable 406 bps, far wider than the record-tight 223 points reached just as the gates of financial heck were about to open in 2007. In the meantime, the equity of highly non-wobbly companies like RDS.A, VOD, and GSK yields in the area of 5%. "We don't want to question the market," writes the FT's David Keohane, "but: what the (heck)?" 7 Comments
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The Financial Lexicon
High-Yield Bond Spreads Finally Start to Widen http://bit.ly/14XskST $HYG, $JNK, $HYLD, $PHB, $AGG - View all 1 replies
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The Financial Lexicon
One Way to Find Value in Today's Low-Rate Environment Article: http://bit.ly/13UpHm0 $AGG, $HYG, $LQD, $JNK,. $PHB - View all 0 replies
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The Financial Lexicon
Why is there so much hysteria over Fed tapering? $AGG, $HYG, $TLT, $JNK, $IEF http://bit.ly/130MlYZ - View all 1 replies
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DAG1996: Because there is no mechanism that prevents large numbers of stupid people from participating in, and thus influencing, the markets?
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The Financial Lexicon
$LQD, $TLT, $AGG, $HYG, $JNK, $IEF, Are you really a "long-term" bond investor? http://bit.ly/10xDxMe - View all 0 replies
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The Financial Lexicon
7 Ways to Improve Transparency and Accountability in the Bond Market: http://bit.ly/12xxQfy $AGG, $LQD, $HYG, $PHB, $JNK - View all 0 replies
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The Financial Lexicon
$HYG, $JNK, $PHB, $STZ, $MGM, $BLL - Insanely low yielding "high-yield" bonds in today's market. http://bit.ly/ZUOhk6 - View all 0 replies
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The Financial Lexicon
$HYG, $LQD, $AGG, $JNK, Corporate bond market shenanigans you should know about. http://bit.ly/13yBoQ1 - View all 0 replies
LATEST REPLIES
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The Financial Lexicon
Why is there so much hysteria over Fed tapering? $AGG, $HYG, $TLT, $JNK, $IEF http://bit.ly/130MlYZ - View all 1 replies
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DAG1996: Because there is no mechanism that prevents large numbers of stupid people from participating in, and thus influencing, the markets?
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x oil -field
BARRON'S: More and More Investors Are Shorting $HYG, $JNK Junk-Bond. ETFs http://bit.ly/13I2ab1 http://bit.ly/WHv8SD $UVXY - View all 1 replies
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hahaha48: not a great idea to short something that you have to pay high divident use other methods like tbt
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Michael A. Gayed
This is how scary credit spreads looked last week in JNK EMB IEF: http://bit.ly/KwS1Bf - View all 6 replies
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Default to Reality: Thanks for the charts Michael. With the German auction today the flight to safe haven looks like it is excellerating....... -
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Michael A. Gayed
Will be on Bloomberg live in 20 minutes discussing JNK, SPY, TLT, and why Facebook does not matter bloomberg.com/tv - View all 17 replies
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Green Asparagus: @x-oil-field, "waterfall decline" is an idiomatic phrase if English is not your first language these are sometimes difficult to understand. -
Green Asparagus: It just means "steep drop". Imagine what a waterfall looks like, water goes over a cliff and drops straight down.
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Michael A. Gayed
Long bonds (TLT) remain in denial as TIP continues to do well and JNK moves higher. - View all 2 replies
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Garfield23: MAG, your denial comment is just talking your book and not reflecting reality ...treasury prices & TLT are going higher
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Michael A. Gayed: I am an interpreter of market trends, and our strategies can go into bonds or stocks depending on conditions. No book to talk up.
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Michael A. Gayed: Go to bloomberg.com and search for my last name. Most segments there.
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*Hysteria: Come on Mike you are smarter than to know mvemnts in etfs have nothing to do with what credit spreads are doing, they areunchnged last 2 dys
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Michael A. Gayed: Movement in ETFs are a reflection of underlying indices, which themselves are a reflection of various areas of the bond market.
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Michael A. Gayed
Well that's one perty little uptrend in JNK and HYG I'd say...another plus for the bulls. - View all 1 replies
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Michael A. Gayed
Junk debt (JNK) continues to perform strongly in a sign financial stress is easing. Good stuff. - View all 27 replies
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Brendan O'Boyle: Yeah I sold one of those (PML) not 2 weeks ago just to watch it go parabolic this week. Whatever, bought at 10 sold at 12 plus 7%.
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Michael A. Gayed: @Fitzgerald - not sure what you mean. TLT going up means treasury yields drop, HYG going down means Junk debt yields go up. Credit widening
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UnderCover Jellyfish: At 7% how do u calc how much the Italian economy has to contract so as to speed things up along ?
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