Much has been written about the unexpected selloff in high yield debt that has occurred since the end of May 2015. Truly a “sell in May” time period.
SPDR Barclays Capital High Yield Bnd ETF (NYSE: JNK) was down 11.79 percent during the second half of 2015 and is down 12.20 percent year to date. iShares iBoxx $ High Yid Corp Bond (ETF) (NYSE: HYG) was down 6.35 percent during the second half of 2015 and is down 5.15 percent year to date.
The energy and mining sectors have been to blame and are currently suffering a deep bear market that has been brought about by the precipitous slowdown in the emerging markets, namely China.
Shifting Away From Credit Sensitive To Investment Grade
Conversely the iShares IBoxx $ Invest Grade ...
/www.benzinga.com/etfs/sector-etfs/15/12/6081850/bond-investors-what-to-watch-for-next-year alt=Bond Investors: What To Watch For Next Year>Full story available on Benzinga.com
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