Mon, Aug. 17, 2:59 PM
- WTI crude oil falls another 1.4% to $41.91 per barrel, carving out another six-year low. USO -0.5%
- The energy sector (XLE +0.1%) is lagging the broader market's 0.45% advance, and it's another tough day for junk bonds, where the paper from energy firms makes up a sizable proportion of the market. Despite a five basis point decline in the 10-year Treasury yield, JNK is lower by 0.1%, and HYG is flat.
- ETFs: USO, OIL, HYG, UCO, JNK, UWTI, SCO, BNO, DBO, DWTI, HIX, HYLD, DHY, PHT, DTO, EAD, UGA, HYT, USL, JQC, CIK, DSU, DNO, HHY, SJB, NHS, PHF, UHN, ACP, FHY, OLO, MCI, SZO, VLT, KIO, ARDC, CIF, AIF, MHY, PCF, ANGL, DHG, MPV, IVH, HYLS, JSD, UJB, OLEM, CJNK, GGM, QLTC
PHT vs. ETF Alternatives
At least 80% of its assets are invested in below investment grade debt securities, loans and preferred stocks. These securities are rated Ba/BB or lower or are unrated. Junk bonds are generally considered speculative. The investment objective is a high lev
Other News & PR