U.S. junk bonds post best January since 2009

• U.S. junk bonds' 4.52% return in January marks the biggest monthly gain in more than seven years and the best January since 2009.
• January priced $17.6B, the busiest month since September, and follows a December with no issues.
• CCCs' 5.29% gain was the biggest in almost three years.
• Junk bonds had best performance in fixed income with YTD returns of 4.5% vs. investment grade's 2.35% and loans at 2.53%.
• Bloomberg Barclays high-yield index close at 12-week low.
• Source: Bloomberg First Word.
• ETFs: HYG, JNK, DHY, HIX, EAD, PHT, HYT, HYLD, JQC, ACP, ANGL, CIK, MCI, DSU, SJB, KIO, NHS, CIF, ARDC, IVH, GGM, AIF, MPV, FHY, JSD, VLT, HYLS, PCF, UJB, FALN, CJNK, HYIH, HYLB, HYXE, WFHY, HYDB, BSJP, HYUP, USHY