Risk On Or Risk Off? (Weight Of Evidence, Part 4 Of 7)
360 Investment Research - Seeking Alpha - Tue Nov 18, 2:43PM CST
The credit (aka bond) markets overshadow the equity markets in terms of dollar value. Yes, the equity markets get all the publicity and headlines. However, it is the waters of the credit market that run deep. By looking at the current state of the...
JNK: 39.71 (-0.08), TLT: 119.52 (+0.33)
Tinkering With The Core Bond Recipe
AllianceBernstein - Seeking Alpha - Mon Nov 17, 2:46PM CST
By Alison Martier This is the time of year when, in almost every American household, the tinkerer in the family eyes the recipe box. Certain venerable traditions will make it to the Thanksgiving table intact. A cousin or an in-law is sure to bring...
LDUR: 101.41 (unch), FBND: 50.20 (+0.09), BNDX: 52.44 (-0.03), PGHY: 24.02 (+0.13), ANGL: 27.52 (-0.27), HYLD: 47.09 (-0.15), UJB: 58.20 (unch), IHY: 26.04 (+0.24), IUSB: 100.81 (+0.10), JNK: 39.71 (-0.08), HYXU: 53.17 (+0.47), GBF: 113.25 (+0.06), SJB: 27.94 (+0.10), XOVR: 26.32 (+0.04), AGG: 109.83 (+0.10), QLTC: 52.08 (-0.08), HYLS: 51.18 (-0.07), DI: 49.98 (-0.11), BWX: 56.40 (+0.12), SCHZ: 52.08 (+0.03), HYG: 91.26 (-0.18), BOND: 109.22 (+0.08), VBND: 49.67 (+0.07), FWDB: 25.71 (unch), IJNK: 23.81 (-0.03), SAGG: 33.70 (-0.01), IGOV: 97.49 (+0.30), BND: 82.38 (+0.12), LAG: 58.04 (+0.04)
'$1.6 Trillion In Defaults Coming,' Legend Says
Steve Sjuggerud - at Seeking Alpha - Mon Nov 17, 2:24PM CST
Martin Fridson is -- without question -- the biggest name in his field. (He has been for decades.) Right now, he's extremely concerned... Last week, he shared his big concerns at our investment conference in the Dominican Republic. Fridson rules the...
HYG: 91.26 (-0.18), SHYG: 49.41 (-0.09), HYZD: 24.44 (+0.11), SJNK: 29.61 (-0.02), IJNK: 23.81 (-0.03), PGHY: 24.02 (+0.13), HYHG: 75.89 (-0.30), ANGL: 27.52 (-0.27), HYLD: 47.09 (-0.15), UJB: 58.20 (unch), IHY: 26.04 (+0.24), HYND: 22.47 (+0.02), HYGH: 95.84 (-0.04), HYXU: 53.17 (+0.47), JNK: 39.71 (-0.08), SJB: 27.94 (+0.10), THHY: 24.06 (-0.02), XOVR: 26.32 (+0.04), HYS: 103.82 (-0.20), QLTC: 52.08 (-0.08), HYLS: 51.18 (-0.07)
Fear Lower Oil
Michael A. Gayed, CFA - Seeking Alpha - Mon Nov 17, 6:45AM CST
"Never be afraid to sit a while and think." - Lorraine Hansberry The S&P 500 (NYSEARCA: SPY ) stocks held on to moderate gains as the average stock was flat to down in a week that on the surface looked uneventful, but from a sector standpoint...
JNK: 39.71 (-0.08), SPY: 205.55 (+1.18)
You Are Using HYG And JNK All Wrong, Here Is What To Do About It
The Macro Trader - Seeking Alpha - Sat Nov 15, 11:35AM CST
Historically junk bonds, also known as high yield bonds, correlate quite well with equities. In fact we have built timing systems that use junk bonds as a trend confirmation indicator that have done quite well from a historical perspective. Because...
JNK: 39.71 (-0.08), HYG: 91.26 (-0.18), IEI: 122.39 (+0.09), SJB: 27.94 (+0.10), SPY: 205.55 (+1.18), IEF: 105.10 (+0.12), XOVR: 26.32 (+0.04), QLTC: 52.08 (-0.08), ANGL: 27.52 (-0.27), UJB: 58.20 (unch), HYLS: 51.18 (-0.07), HYLD: 47.09 (-0.15), TLT: 119.52 (+0.33)
An Unkind Bond Unwind
The Nattering Naybob - at Seeking Alpha - Thu Nov 13, 1:57PM CST
HYG: 91.26 (-0.18), IEF: 105.10 (+0.12), UUPT: 24.41 (-0.29), FXY: 83.26 (-0.35), UUP: 23.26 (-0.11), JNK: 39.71 (-0.08), HY: 77.99 (+0.34), IMO: 47.96 (-0.02), LQD: 118.33 (+0.10), CORP: 102.79 (+0.03), EMB: 113.14 (+0.22), FXE: 123.47 (+0.84), UDN: 24.58 (+0.10), UDNT: 13.20 (+0.11), BKF: 36.71 (+0.13)
European Bonds Offer Opportunities Says Babson Fund Manager Freno
at The Street - Wed Nov 12, 4:32PM CST
Corporate bond opportunities abound in Europe, especially in Germany where a weakening Euro is helping exporters, said Michael Freno, Babson portfolio manager.
JNK: 39.71 (-0.08), HYG: 91.26 (-0.18), FXE: 123.47 (+0.84), UUP: 23.26 (-0.11)
Strategist Sees 'Low-Single-Digit' Return for S&P 500 in Next 12 Months
at The Street - Wed Nov 12, 10:57AM CST
Current valuations remain reasonable and the S&P should see a low double-digit rise over the next 12 months, said Alan Gayle, Senior Investment Strategist at RidgeWorth Investments.
JNK: 39.71 (-0.08), HYG: 91.26 (-0.18), SPY: 205.55 (+1.18), QQQ: 103.68 (+0.77), DIA: 176.96 (+0.47), IWM: 116.39 (+0.67), TLT: 119.52 (+0.33)
High Yield Attractive as Rates Creep Higher Says Nuveen's Rodriguez
at The Street - Mon Nov 10, 4:27PM CST
Fixed income investors should expect single digit returns in 2015 as rates drift higher, said Tony Rodriguez, co-head of fixed income for Nuveen Asset Management.
JNK: 39.71 (-0.08), HYG: 91.26 (-0.18), TLT: 119.52 (+0.33), TBT: 52.40 (-0.24)
Creating The Perfect Bond ETF Portfolio
The 5 Funds - at Seeking Alpha - Sun Nov 09, 3:48AM CST
HYG: 91.26 (-0.18), SCHZ: 52.08 (+0.03), FLTR: 25.04 (+0.06), FLOT: 50.69 (unch), DVY: 78.54 (+0.31), BOND: 109.22 (+0.08), PHB: 19.01 (-0.04), VTI: 105.78 (+0.62), JNK: 39.71 (-0.08), AGG: 109.83 (+0.10), BKLN: 24.35 (unch), LAG: 58.04 (+0.04), BND: 82.38 (+0.12)
'Risk On' For Now
Scott Minerd - Seeking Alpha - Fri Nov 07, 5:34PM CST
U.S. economic data remain strong with the third quarter's 3.5 percent GDP growth signaling that the economy is doing pretty well across the spectrum. Net exports were strong, unemployment has fallen much faster than expected, and consumer confidence...
HYG: 91.26 (-0.18), ANGL: 27.52 (-0.27), HYLD: 47.09 (-0.15), UJB: 58.20 (unch), UUP: 23.26 (-0.11), JNK: 39.71 (-0.08), SPY: 205.55 (+1.18), SJB: 27.94 (+0.10), QQQ: 103.68 (+0.77), XOVR: 26.32 (+0.04), DIA: 176.96 (+0.47), QLTC: 52.08 (-0.08), IWM: 116.39 (+0.67), UDN: 24.58 (+0.10), HYLS: 51.18 (-0.07)
A Stronger U.S. Economy Takes A Toll On Bonds
James Picerno - at Seeking Alpha - Fri Nov 07, 12:56PM CST
This week’s encouraging numbers for the US labor market ( jobless claims and ADP’s estimate of private-sector jobs ) suggest that today’s official report on payrolls from Washington will deliver upbeat macro news as well. But...
JNK: 39.71 (-0.08), TIP: 112.91 (+0.10), IEF: 105.10 (+0.12), AGG: 109.83 (+0.10), CLY: 60.00 (+0.14), SHY: 84.67 (-0.01), CIU: 109.46 (+0.04), CSJ: 105.26 (unch), TLT: 119.52 (+0.33)
Jobs Report Reaction Shows Market Watchful Of Global Contagion
Markos Kaminis - at Seeking Alpha - Fri Nov 07, 9:43AM CST
VTI: 105.78 (+0.62), JNK: 39.71 (-0.08), SPY: 205.55 (+1.18), QQQ: 103.68 (+0.77), GLD: 115.05 (+1.00), OIL: 18.09 (-0.33), DIA: 176.96 (+0.47), IWM: 116.39 (+0.67), UUP: 23.26 (-0.11)
High-Quality Bond Yields' Divergence
ValueWalk - Seeking Alpha - Thu Nov 06, 4:12PM CST
By LPL Financial High-yield bonds bounced back after a weak start to October 2014, but underperformed their stock counterparts. High-yield bonds typically lag stocks in a rising market, but while stocks made new highs for the year, high-yield...
JNK: 39.71 (-0.08), HYG: 91.26 (-0.18), SJB: 27.94 (+0.10), IYLD: 26.34 (+0.07), MDIV: 21.90 (+0.05), XOVR: 26.32 (+0.04), DVHL: 26.43 (+0.16), QLTC: 52.08 (-0.08), ANGL: 27.52 (-0.27), UJB: 58.20 (unch), HYLS: 51.18 (-0.07), HYLD: 47.09 (-0.15), DVHI: 25.65 (unch), CVY: 24.12 (+0.12)
Fed Tightening + HY Distress = 2015 Bear Market?
Cam Hui, CFA - Seeking Alpha - Tue Nov 04, 7:30AM CST
Despite my bullish stock market outlook (see my last post Enjoy the party, but watch for the police raid ), a good investor always thinks about the risks to his forecasts. So it is in that spirit that I explore the scenario of what might trigger a...
JNK: 39.71 (-0.08), HYG: 91.26 (-0.18), AGG: 109.83 (+0.10), BND: 82.38 (+0.12)
SPDR Barclays Capital High Yield Bond ETF announces monthly distribution of $0.1889
Seeking Alpha - at Seeking Alpha - Mon Nov 03, 12:50PM CST
JNK: 39.71 (-0.08)
The Next Big Short Strategy: Rise And Fall Of Fixed Income ETFs
Macro Strategist - at Seeking Alpha - Mon Nov 03, 10:11AM CST
VCIT: 86.00 (+0.07), SJNK: 29.61 (-0.02), HYEM: 24.78 (-0.02), VCSH: 80.02 (+0.03), HYLD: 47.09 (-0.15), TLT: 119.52 (+0.33), JNK: 39.71 (-0.08), HYS: 103.82 (-0.20), SCHO: 50.67 (unch), EMB: 113.14 (+0.22), EMLC: 22.49 (+0.12), HYG: 91.26 (-0.18), IEI: 122.39 (+0.09), IEF: 105.10 (+0.12), UST: 54.88 (+0.15), PHB: 19.01 (-0.04), VCLT: 89.59 (-0.39), TMV: 38.31 (-0.27), LEMB: 47.66 (+0.40), PCY: 28.62 (+0.07), BSJF: 26.44 (-0.05), ELD: 43.92 (+0.21), LQD: 118.33 (+0.10), SHY: 84.67 (-0.01), BIL: 45.74 (-0.01), CIU: 109.46 (+0.04), VGSH: 61.02 (+0.01), SHV: 110.27 (unch)
Shift In Quality Spectrum Argues We've Entered Later Innings Of Bull Market
Chris Puplava - Seeking Alpha - Fri Oct 31, 5:53PM CDT
Was it all just a bad dream? Had you closed your eyes a month ago you would have seen the S&P 500 hovering between 1980-1990. Fast forward a month ahead and we have the S&P 500 essentially unchanged. Monthly closing values are often the only...
JNK: 39.71 (-0.08), HYG: 91.26 (-0.18), OEF: 91.37 (+0.41), SPY: 205.55 (+1.18), LQD: 118.33 (+0.10), DIA: 176.96 (+0.47), IWM: 116.39 (+0.67), IVV: 206.91 (+1.25), TLT: 119.52 (+0.33)
Nuveen Manager Sees Mexico, High Yield as Better Bets Than Europe
at The Street - Thu Oct 30, 4:17PM CDT
High yield bond prices have become far more reasonable after the recent selloff, said Tim Palmer, portfolio manager for the Nuveen Strategic Income Fund.
JNK: 39.71 (-0.08), HYG: 91.26 (-0.18), EWW: 65.71 (-0.18), EZA: 70.27 (+0.81), IEV: 44.39 (+0.61), IEUR: 45.39 (+0.63)
Red Sky In The Morn', Junk Bond Investors Be Warn'd
Saturna Capital - Seeking Alpha - Tue Oct 28, 7:47AM CDT
[Originally published June, 2014] By Bryce Fegley, Tactician, Investment Analyst, and Portfolio Manager Sextant Global High Income Fund Investor appetite for income has pushed yields and spreads on high-yield bonds to very low levels, while...
JNK: 39.71 (-0.08), HYG: 91.26 (-0.18), SJB: 27.94 (+0.10), XOVR: 26.32 (+0.04), QLTC: 52.08 (-0.08), ANGL: 27.52 (-0.27), UJB: 58.20 (unch), HYLS: 51.18 (-0.07), HYLD: 47.09 (-0.15)