With a higher-running yield, spreads now have to widen more and faster for price losses to overcome the large yield advantage that comes from holding credit. Source: Seeking Alpha As a professional bond manager glued to a screen watching prices every day, it’s hard to fathom that just a few weeks ago when March began…
Volatility and uncertainty in global markets is having its toll on high yield bond ETFs. Source: Bloomberg The volatility in global markets is wearing on exchange-traded funds that buy risky corporate debt as investors pull money out. Traders yanked $907 million from BlackRock Inc.’s iShares iBoxx High Yield Corporate Bond exchange-traded fund, or HYG, on…
Spreads on Canadian bank debt were modestly wider after Moody’s lowered the long-term debt and deposit ratings one level on the Big Six banks, yet analysts have not seen any evidence of credit deterioration with any of the banks. Source: Wealth Professional Canada’s dollar and bank bonds declined after Moody’s Investors Service downgraded the nation’s…
LONDON, UNITED KINGDOM, ENGLAND, February 27, 2024 /EINPresswire.com/
