High-yield defaults edge higher in February
Seeking Alpha - at Seeking Alpha - Tue Mar 17, 11:25AM CDT
JNK: 39.13 (+0.28), HYG: 90.44 (+0.70), SJB: 27.38 (-0.22), XOVR: 26.40 (+0.13), QLTC: 49.51 (+0.08), ANGL: 27.31 (+0.08), UJB: 58.51 (unch), HYLS: 50.30 (-0.15), HYLD: 41.60 (+0.42)
Junk Becomes Even Junkier
Pater Tenebrarum - Seeking Alpha - Tue Mar 17, 4:33AM CDT
A Vast Pool of Greater Fools One of the undeclared (or only occasionally admitted) goals of the enormous monetary pumping by central banks in recent years was to drive investors toward buying riskier assets. After all, if one gets virtually no...
JNK: 39.13 (+0.28), HYG: 90.44 (+0.70), SJB: 27.38 (-0.22), XOVR: 26.40 (+0.13), QLTC: 49.51 (+0.08), ANGL: 27.31 (+0.08), UJB: 58.51 (unch), HYLS: 50.30 (-0.15), HYLD: 41.60 (+0.42)
The High-Yield Seesaw
The Financialist - at Seeking Alpha - Thu Mar 12, 5:25AM CDT
The past five years have been interesting times in high-yield debt markets. On one hand, the world's major central banks have been holding interest rates near zero for an unprecedented length of time, encouraging a hunt for yield that has turned the...
JNK: 39.13 (+0.28), HYG: 90.44 (+0.70), SJB: 27.38 (-0.22), XOVR: 26.40 (+0.13), BYLD: 25.38 (+0.06), QLTC: 49.51 (+0.08), ANGL: 27.31 (+0.08), UJB: 58.51 (unch), HYLS: 50.30 (-0.15), HYLD: 41.60 (+0.42), YPRO: 23.62 (unch)
The High Yield Default Outlook
AdvisorShares - Seeking Alpha - Fri Mar 06, 9:07AM CST
By Heather Rupp, CFA, Director of Research for Peritus Asset Management, the sub-advisory firm of the AdvisorShares Peritus High Yield ETF (NYSEARCA: HYLD ) We see default risk as the most prominent risk for credit investors. As we look forward, a...
JNK: 39.13 (+0.28), HYG: 90.44 (+0.70), SJB: 27.38 (-0.22), XOVR: 26.40 (+0.13), QLTC: 49.51 (+0.08), ANGL: 27.31 (+0.08), UJB: 58.51 (unch), HYLS: 50.30 (-0.15), HYLD: 41.60 (+0.42)
Thanks For The Corporate Bond Bubble, Fed
David Stockman - Seeking Alpha - Thu Mar 05, 7:15AM CST
Once upon a time businesses borrowed long term money--if they borrowed at all--in order to fund plant, equipment and other long-lived productive assets. That kind of debt was self-liquidating in the sense that it usually generated a stream of income...
SHYG: 48.97 (+0.15), SLQD: 50.61 (+0.16), SJNK: 29.12 (+0.07), SCPB: 30.66 (+0.05), VCSH: 80.11 (+0.11), HYND: 21.47 (+0.22), IBCE: 98.95 (+0.63), IBCD: 99.65 (+0.59), BSCN: 20.84 (+0.14), IBCC: 99.66 (-0.12), BSCO: 20.88 (+0.18), FCOR: 50.90 (+0.24), IBCB: 99.45 (-0.33), BSCL: 21.24 (+0.11), BSCM: 21.22 (+0.16), LQDH: 96.38 (+0.37), BSCJ: 21.25 (+0.10), XOVR: 26.40 (+0.13), BSCK: 21.43 (+0.07), BSCH: 22.80 (+0.02), BSCI: 21.26 (+0.02), BSCF: 21.66 (unch), BSCG: 22.17 (+0.01), TYTE: 40.13 (unch), CSJ: 105.40 (+0.05), BSCE: 21.14 (unch), SKOR: 51.00 (unch), WYDE: 38.88 (unch), BSJM: 24.99 (+0.08), BSJK: 25.45 (+0.10), BSJL: 24.99 (+0.17), VCLT: 94.29 (+0.10), BSJI: 25.96 (+0.06), BSJJ: 25.10 (unch), BSJH: 26.43 (+0.07), BSJG: 26.33 (+0.09), IGHG: 77.03 (+0.25), BSJF: 26.08 (+0.06), BSJE: 26.24 (+0.01), CBND: 32.94 (+0.08), LDRI: 25.04 (-0.02), ACT: 317.06 (+2.65), VCIT: 87.53 (+0.37), ANGL: 27.31 (+0.08), HYLD: 41.60 (+0.42), UJB: 58.51 (unch), COBO: 100.48 (unch), AGN: 240.22 (+2.88), JNK: 39.13 (+0.28), SJB: 27.38 (-0.22), HYS: 101.47 (+0.08), QLTC: 49.51 (+0.08), QLTB: 53.48 (+0.23), LWC: 42.30 (+0.16), CLY: 62.70 (+0.11), QLTA: 52.46 (+0.08), HYLS: 50.30 (-0.15), CRED: 112.83 (+0.34), HYG: 90.44 (+0.70), ITR: 34.52 (+0.10), HYZD: 23.67 (-0.20), IBDH: 101.05 (+0.13), IBDD: 107.09 (+0.21), IBDC: 106.14 (+0.59), IBDF: 100.76 (+0.36), LQD: 121.49 (+0.34), CORP: 104.40 (+0.75), IBDB: 102.93 (-0.40), IBDA: 101.30 (+0.59), IGU: 62.82 (+1.13), CIU: 110.44 (+0.18), VZ: 49.56 (+0.26), IGS: 27.91 (unch)
Using ANGL And SHY To Micro-Strategy A 4.64% Yield
Dallas Salazar - at Seeking Alpha - Tue Feb 24, 4:30PM CST
HYXU: 46.74 (+0.59), HYG: 90.44 (+0.70), BSJG: 26.33 (+0.09), BSJF: 26.08 (+0.06), PHB: 18.96 (+0.07), SHY: 84.77 (+0.06), ANGL: 27.31 (+0.08), HYLD: 41.60 (+0.42)
High Yield In A Rising Rate Environment: Duration And Yield
AdvisorShares - Seeking Alpha - Fri Feb 20, 1:19PM CST
By: Heather Rupp, CFA, Director of Research for Peritus Asset Management, the sub-advisory firm of the AdvisorShares Peritus High Yield ETF (NYSEARCA: HYLD ) We began February with a yield on the 10-year Treasury of 1.68% and today sit at 2.14%....
HYLD: 41.60 (+0.42)
High Yield Or Junk: Is A 7% Yield Enough?
Vipin Sahijwani - Seeking Alpha - Fri Feb 13, 12:00PM CST
In today's world, labels, categories, and designations are very often being redefined, and, not surprisingly, this phenomenon extends to those of us working in the business of finance. Brokers are now frequently referred to as consultants and junk...
JNK: 39.13 (+0.28), HYG: 90.44 (+0.70), SJB: 27.38 (-0.22), XOVR: 26.40 (+0.13), QLTC: 49.51 (+0.08), ANGL: 27.31 (+0.08), UJB: 58.51 (unch), HYLS: 50.30 (-0.15), HYLD: 41.60 (+0.42)
Alpha Generation For Active Managers
AdvisorShares - Seeking Alpha - Thu Feb 12, 5:09PM CST
By: Heather Rupp, CFA, Director of Research for Peritus Asset Management, the sub-advisory firm of the AdvisorShares Peritus High Yield ETF (NYSEARCA: HYLD ) As we discussed in our recent blog (see " The Opportunity in Volatility "
HYLD: 41.60 (+0.42)
Junk-rated companies face wave of maturities
Seeking Alpha - at Seeking Alpha - Wed Feb 11, 10:26AM CST
SNLN: 19.38 (+0.08), JNK: 39.13 (+0.28), HYG: 90.44 (+0.70), SJB: 27.38 (-0.22), FTSL: 49.19 (+0.10), XOVR: 26.40 (+0.13), QLTC: 49.51 (+0.08), ANGL: 27.31 (+0.08), BKLN: 24.01 (-0.02), UJB: 58.51 (unch), HYLS: 50.30 (-0.15), SRLN: 49.24 (-0.04), HYLD: 41.60 (+0.42)
Invesco: Pick your spots in high-yield
Seeking Alpha - at Seeking Alpha - Mon Feb 09, 2:49PM CST
EMAG: 21.91 (+0.16), HYEM: 23.22 (+0.20), PGHY: 23.25 (+0.11), ANGL: 27.31 (+0.08), HYLD: 41.60 (+0.42), UJB: 58.51 (unch), EMSH: 74.06 (unch), IHY: 24.12 (+0.29), JNK: 39.13 (+0.28), HYXU: 46.74 (+0.59), SJB: 27.38 (-0.22), XOVR: 26.40 (+0.13), QLTC: 49.51 (+0.08), EMB: 111.69 (+1.20), HYLS: 50.30 (-0.15), EMLC: 20.09 (+0.26), HYG: 90.44 (+0.70), EMHY: 47.46 (+0.45), PHB: 18.96 (+0.07), VWOB: 77.11 (+0.44), IJNK: 22.26 (+0.10), FEMB: 45.05 (+0.28), LEMB: 43.65 (+0.34), PCY: 28.30 (+0.29), ELD: 39.68 (+0.54), EBND: 27.01 (+0.47)
Energy Weighing Heavily On Junk Bond Market; Watch For Contagion
Chris Puplava - at Seeking Alpha - Thu Feb 05, 4:45AM CST
"The essence of investment management is the management of risks, not the management of returns. ALL good portfolio management begins with this premise!" Benjamin Graham, The Intelligent Investor Perhaps the most important message I...
HYG: 90.44 (+0.70), XOP: 48.19 (+0.22), XLY: 76.77 (+0.59), ANGL: 27.31 (+0.08), HYLD: 41.60 (+0.42), UJB: 58.51 (unch), JNK: 39.13 (+0.28), SJB: 27.38 (-0.22), XOVR: 26.40 (+0.13), QLTC: 49.51 (+0.08), HYLS: 50.30 (-0.15), XLF: 24.71 (+0.24), XLE: 76.91 (+0.60)
Jeffrey Gundlach: The Secret To Beating Low Yields
Learn Bonds - at Seeking Alpha - Wed Feb 04, 7:08PM CST
Jeffrey Gundlach’s contrarian view that bond yields will continue to fall in 2015 has so far proved the right one. Gundlach, the founder and chief investment officer of DoubleLine Capital, made his name in 2011 when he famously bet on...
ILTB: 65.04 (+0.13), JNK: 39.13 (+0.28), HYG: 90.44 (+0.70), DVY: 79.59 (+1.03), SJB: 27.38 (-0.22), XOVR: 26.40 (+0.13), BYLD: 25.38 (+0.06), QLTC: 49.51 (+0.08), ANGL: 27.31 (+0.08), BLV: 96.84 (+0.11), UJB: 58.51 (unch), HYLS: 50.30 (-0.15), HYLD: 41.60 (+0.42), BND: 83.32 (+0.22), YPRO: 23.62 (unch)
The Opportunity In Volatility
AdvisorShares - Seeking Alpha - Wed Feb 04, 3:58PM CST
By: Heather Rupp, CFA, Director of Research for Peritus Asset Management, the sub-advisory firm of the AdvisorShares Peritus High Yield ETF (NYSEARCA: HYLD ) It seems the best way to sum up on the markets of late is with the word...
JNK: 39.13 (+0.28), HYG: 90.44 (+0.70), TVIX: 1.73 (-0.06), SPY: 210.41 (+0.91), VXX: 25.73 (-0.40), HYLD: 41.60 (+0.42)
AdvisorShares declares distributions for January 2015
M2 - Fri Jan 30, 11:10PM CST
AdvisorShares, a sponsor of actively managed exchange-traded funds (ETFs), on Thursday reported January 2015 income distributions for ETFs that pay monthly dividends.
FWDB: 25.63 (unch), HYLD: 41.60 (+0.42), YPRO: 23.62 (unch), MINC: 49.36 (+0.08)
Not a seller's market in high-yield
Seeking Alpha - at Seeking Alpha - Tue Jan 27, 12:02PM CST
SNLN: 19.38 (+0.08), JNK: 39.13 (+0.28), HYG: 90.44 (+0.70), SJB: 27.38 (-0.22), FTSL: 49.19 (+0.10), XOVR: 26.40 (+0.13), QLTC: 49.51 (+0.08), ANGL: 27.31 (+0.08), BKLN: 24.01 (-0.02), UJB: 58.51 (unch), HYLS: 50.30 (-0.15), SRLN: 49.24 (-0.04), HYLD: 41.60 (+0.42)
Junk-Bond Bubble Implodes Beyond Energy, Deals Scuttled, Yields Soar, Suddenly 'Insufficient Demand'
Wolf Richter - Seeking Alpha - Tue Jan 27, 4:01AM CST
The year 2015 has just started, and already there have been two junk-bond casualties: the first on Thursday, and the second one today. They weren't energy companies. Energy companies don't even try anymore. They've been locked out. Both deals had to...
JNK: 39.13 (+0.28), HYG: 90.44 (+0.70), SJB: 27.38 (-0.22), XOVR: 26.40 (+0.13), QLTC: 49.51 (+0.08), ANGL: 27.31 (+0.08), UJB: 58.51 (unch), HYLS: 50.30 (-0.15), HYLD: 41.60 (+0.42)
Global Macro Performance
The Short Side Of Long - at Seeking Alpha - Mon Jan 26, 1:43PM CST
Chart 1: Global bonds have outperformed all other major asset classes (click to enlarge) Source: Short Side of Long Let us quickly look at the 12 month performance of all major asset classes. Chart 1 shows three major equity regions: US,...
OUNZ: 11.79 (+0.12), WREI: 48.58 (+0.93), CEMB: 49.49 (+0.18), BNO: 20.47 (+0.31), BNDX: 54.07 (+0.05), IHY: 24.12 (+0.29), SCHH: 41.83 (+1.03), SGOL: 115.86 (+1.34), DRV: 19.91 (-1.64), FCOR: 50.90 (+0.24), DRW: 29.66 (+0.49), XOVR: 26.40 (+0.13), DNO: 63.87 (-1.37), DRN: 95.15 (+6.58), VNQI: 56.44 (+0.88), PICB: 26.63 (+0.38), BWX: 53.13 (+0.64), DTO: 115.21 (-3.60), WPS: 38.64 (+0.66), RWR: 97.05 (+1.96), RWO: 50.80 (+0.91), CBND: 32.94 (+0.08), RWX: 44.05 (+0.69), PSR: 77.48 (+1.51), IGOV: 92.00 (+1.25), IAU: 11.44 (+0.13), AGOL: 113.86 (unch), DWTI: 149.45 (-10.55), FRI: 23.86 (+0.59), OLO: 6.80 (+0.05), HYEM: 23.22 (+0.20), PGHY: 23.25 (+0.11), ANGL: 27.31 (+0.08), UJB: 58.51 (unch), GRI: 46.53 (+0.73), HYLD: 41.60 (+0.42), COBO: 100.48 (unch), HYXU: 46.74 (+0.59), JNK: 39.13 (+0.28), SUBD: 25.97 (+0.34), SJB: 27.38 (-0.22), IFGL: 31.66 (+0.56), REK: 19.01 (-0.44), EMCB: 70.75 (+0.18), OIL: 9.79 (+0.22), QLTC: 49.51 (+0.08), EMCD: 29.18 (+0.57), QLTB: 53.48 (+0.23), IYR: 81.96 (+1.94), QLTA: 52.46 (+0.08), URE: 119.25 (+5.43), OLEM: 22.25 (+0.59), HYLS: 50.30 (-0.15), VNQ: 87.03 (+2.13), CRED: 112.83 (+0.34), SRS: 10.96 (-0.53), RWXL: 35.80 (unch), REET: 27.50 (+0.55), IBND: 31.10 (+0.57), USO: 16.43 (+0.35), HYG: 90.44 (+0.70), EMHY: 47.46 (+0.45), UCO: 6.50 (+0.26), FFR: 45.93 (+0.51), EMRE: 24.15 (+0.60), UWTI: 2.07 (+0.13), IJNK: 22.26 (+0.10), FTY: 50.09 (+0.95), SCO: 93.38 (-4.24), ICF: 104.51 (+2.44), TAPR: 29.23 (-0.27), SZO: 73.00 (-1.95), DBO: 13.39 (+0.22), GLD: 113.57 (+1.28), LQD: 121.49 (+0.34), CORP: 104.40 (+0.75), IGU: 62.82 (+1.13), KBWY: 36.70 (+0.89), IGS: 27.91 (unch), GOVT: 25.50 (+0.04), USL: 23.65 (+0.47), PLW: 33.61 (+0.10)
How Will ECB Action Affect Global Bond Markets?
Learn Bonds - at Seeking Alpha - Fri Jan 23, 5:59PM CST
Sovereign bonds rallied around the world on Friday as investors speculate that the European Central Bank's quantitative easing program will shrink the pool of high-quality government assets already limited by years of purchases from other central...
LDUR: 101.01 (-0.04), FBND: 50.81 (+0.23), PGHY: 23.25 (+0.11), ANGL: 27.31 (+0.08), HYLD: 41.60 (+0.42), UJB: 58.51 (unch), IHY: 24.12 (+0.29), YPRO: 23.62 (unch), IUSB: 102.53 (+0.33), JNK: 39.13 (+0.28), HYXU: 46.74 (+0.59), GBF: 115.47 (+0.47), SJB: 27.38 (-0.22), XOVR: 26.40 (+0.13), BYLD: 25.38 (+0.06), AGG: 111.32 (+0.34), QLTC: 49.51 (+0.08), HYLS: 50.30 (-0.15), DI: 49.95 (+1.13), SCHZ: 52.83 (+0.13), HYG: 90.44 (+0.70), BOND: 110.19 (+0.10), VBND: 50.32 (+0.16), FWDB: 25.63 (unch), IJNK: 22.26 (+0.10), SAGG: 32.67 (-0.41), LAG: 58.88 (+0.25), BND: 83.32 (+0.22)
High Yield Bonds Versus Equities
AdvisorShares - at Seeking Alpha - Fri Jan 23, 4:11PM CST
By: Heather Rupp, CFA, Director of Research for Peritus Asset Management, the sub-advisory firm of the AdvisorShares Peritus High Yield ETF (NYSEARCA: HYLD ) Investors are often led down the path that they must invest in equities in order to...
HYG: 90.44 (+0.70), ANGL: 27.31 (+0.08), HYLD: 41.60 (+0.42), UJB: 58.51 (unch), YPRO: 23.62 (unch), JNK: 39.13 (+0.28), SJB: 27.38 (-0.22), SPY: 210.41 (+0.91), QQQ: 108.53 (+0.45), XOVR: 26.40 (+0.13), BYLD: 25.38 (+0.06), DIA: 180.96 (+1.30), QLTC: 49.51 (+0.08), IWM: 125.99 (+1.10), HYLS: 50.30 (-0.15)