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ANGL

VanEck Vectors Fallen Angel High Yield Bond

Angl

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Summary

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the BofA Merrill Lynch US Fallen Angel High Yield Index (the "Fallen Angel Index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index is comprised of below investment grade corporate bonds denominated in U.S. dollars that were rated investment grade at the time of issuance.

Market Cap: 1.27 Billion

Primary Exchange: NYSE Arca

Website: http://www.marketvectorsetfs.com

Shares Outstanding: 41.9 Million

Float: 41.9 Million

Dividend: 1.487 (4.92%)

Beta: 0.352761

Sector:

Industry:

Short Interest (Jan 15, 2013): 5 Thousand

Bond Type:

Ethical Flags

Longest drawdown: 1401 trading days

From: 2013-08-02 To: 2019-06-12

Lowest Point:

Gundlach's new fund to focus on lower-rated MBSs, ABSs, CLOs

via: SeekingAlpha at 2019-06-13 05:50:39:000

Jeffrey Gundlach's DoubleLine plans to launch a fund that will invest in mortgage-backed securities, other asset-backed securities, and collateralized loan obligations, according to a recent SEC filing. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays … read more...

ANGL Provides Best Exposure To Junk Bonds In The ETF Universe

via: SeekingAlpha at 2019-06-12 06:01:40:000

Bonds can start life as junk-rated (Below BBB) or due to economic hardships, get downgraded by the rating agencies into junk status. The underlying theory of this ETF is simple: Bonds that were better than junk once have a greater chance of becoming non-junk than bonds that started out as junk… read more...

Fridson sees potential junk bond rally when Fed cuts rates

via: SeekingAlpha at 2019-06-11 08:12:04:000

A Fed rate cut could spark a short-term rally in junk bonds, writes Martin Fridson, chief investment officer at Livian Fridson Advisors. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond Fund, Financial s… read more...

The Dollar, High-Yield Bond Market And S&P 500 Revenue Growth

via: SeekingAlpha at 2019-06-11 03:23:04:000

The two US dollar proxies followed regularly are the Invesco DB USD Bullish ETF (UUP) and the DXY. The UUP is a tradeable ETF, but it generates a K-1, therefore I stopped buying it for clients. Both the DXY and the UUP have identical currency weightings: Euro: 58% Yen: 14% … read more...

Fed's Kaplan watches credit spreads, rather than stock market

via: SeekingAlpha at 2019-06-06 05:39:12:000

Dallas Fed President Robert Kaplan is watching credit spreads rather than the stock market, according to remarks he made at a conference in Boston today. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond … read more...

Fed's Kaplan watches credit spreads, rather than stock market

via: SeekingAlpha at 2019-06-06 05:39:12:000

Dallas Fed President Robert Kaplan is watching credit spreads rather than the stock market, according to remarks he made at a conference in Boston today. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond … read more...

Fed's Kaplan watches credit spreads, rather than stock market

via: SeekingAlpha at 2019-06-06 05:39:12:000

Dallas Fed President Robert Kaplan is watching credit spreads rather than the stock market, according to remarks he made at a conference in Boston today. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond … read more...

A Bad Time To Escalate Border Issues With Mexico

via: SeekingAlpha at 2019-06-06 05:07:54:000

We were waiting for new tariffs on China and instead got new tariffs on Mexico, a country that has agreed to a new trade deal to replace the old NAFTA. Clearly, using tariffs to resolve immigration issues is an innovative tool, but does it really solve anything? Many of the immigrants Presid… read more...

A Bad Time To Escalate Border Issues With Mexico

via: SeekingAlpha at 2019-06-06 05:07:54:000

We were waiting for new tariffs on China and instead got new tariffs on Mexico, a country that has agreed to a new trade deal to replace the old NAFTA. Clearly, using tariffs to resolve immigration issues is an innovative tool, but does it really solve anything? Many of the immigrants Presid… read more...

A Bad Time To Escalate Border Issues With Mexico

via: SeekingAlpha at 2019-06-06 05:07:54:000

We were waiting for new tariffs on China and instead got new tariffs on Mexico, a country that has agreed to a new trade deal to replace the old NAFTA. Clearly, using tariffs to resolve immigration issues is an innovative tool, but does it really solve anything? Many of the immigrants Presid… read more...

Junk bonds don't see a downturn yet

via: SeekingAlpha at 2019-06-05 10:57:06:000

Some analysts aren't convinced that trade conflicts will trigger an economic downturn or spooked by the recent inversion of some parts of the yield curve, noting that high-yield bonds are signaling that the U.S. expansion still has some legs. More news on: SPDR Bloomberg Barclays High Yi… read more...

This Cycle's Most Dangerous Bubble, In 3 Charts

via: SeekingAlpha at 2019-06-04 23:13:27:000

One of the lessons of the past few decades' boom/bust cycles is that each financial bubble emerges in a different asset class. In the 1970s it was precious metals, in the 1980s junk bonds, in the 1990s tech stocks and in the 2000s mortgage-backed bonds. Today, the only one of these with a re… read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2019-06-03 02:01:38:000

VanEck Vectors Fallen Angel High Yield Bond ETF (NYSEARCA: ANGL ) - $0.1319 . 30-Day SEC Yield of 5.88%. VanEck Vectors ChinaAMC China Bond ETF (NYSEARCA: CBON ) - $0.0966 . 30-Day SEC Yield of 3.23%. VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0932 . 30-… read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2019-06-03 02:01:38:000

VanEck Vectors Fallen Angel High Yield Bond ETF (NYSEARCA: ANGL ) - $0.1319 . 30-Day SEC Yield of 5.88%. VanEck Vectors ChinaAMC China Bond ETF (NYSEARCA: CBON ) - $0.0966 . 30-Day SEC Yield of 3.23%. VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0932 . 30-… read more...

Powell Channels Bernanke: 'Subprime Debt Is Contained'

via: SeekingAlpha at 2019-06-02 04:09:05:000

I recently discussed one of the biggest potential "flash points" for the financial markets today - corporate debt. What I find most fascinating is how quickly many dismiss the issue of corporate debt with the simple assumption of "it's not the subprime mortgage market." Correct, it's… read more...

Announcing VanEck Vectors ETFs' May 2019 Distributions

via: Business Wire at 2019-05-31 13:16:00:000

VanEck announced today its distributions per share for its VanEck Vectors exchange-traded funds. The following dates apply to distribution declarations for the funds listed below: The majority, and possibly all, of the dividend distributions will be paid out of net investment… read more...

Announcing VanEck Vectors ETFs' May 2019 Distributions

via: Business Wire at 2019-05-31 13:16:00:000

VanEck announced today its distributions per share for its VanEck Vectors exchange-traded funds. The following dates apply to distribution declarations for the funds listed below: The majority, and possibly all, of the dividend distributions will be paid out of net investment… read more...

Angst hits the junk-bond ETFs

via: SeekingAlpha at 2019-05-30 08:02:17:000

The nerves fueling the recent equity-market selloff is rubbing off on the U.S. junk bond market. BlackRock's iShares iBoxx $ High Yield Corporate Bond ETF ( HYG +0.2% ) saw its largest one-day withdrawal of the year on Wednesday, according to Bloomberg data. More news on: iShares iBoxx $… read more...

Income Is Back In Bond Returns

via: SeekingAlpha at 2019-05-30 07:09:52:000

We see income, or carry, reasserting itself as the key driver of bond market returns. Scott explains. Coupon income historically has contributed the lion's share of total returns across global fixed income markets. Yet declining yields this year elevated the role of capital appreciation in… read more...

High-Yield Market Is Fairly Priced

via: SeekingAlpha at 2019-05-24 01:55:46:000

By Seth Meyer, CFA Portfolio Manager Seth Meyer discusses the current state of the high-yield market, which he views as fairly priced, given a strong technical tailwind and constructive fundamentals. We believe investors can find attractive opportunities in B-rated bonds issued by companie… read more...

High-Yield Market Is Fairly Priced

via: SeekingAlpha at 2019-05-24 01:55:46:000

By Seth Meyer, CFA Portfolio Manager Seth Meyer discusses the current state of the high-yield market, which he views as fairly priced, given a strong technical tailwind and constructive fundamentals. We believe investors can find attractive opportunities in B-rated bonds issued by companie… read more...

High-Yield Market Is Fairly Priced

via: SeekingAlpha at 2019-05-24 01:55:46:000

By Seth Meyer, CFA Portfolio Manager Seth Meyer discusses the current state of the high-yield market, which he views as fairly priced, given a strong technical tailwind and constructive fundamentals. We believe investors can find attractive opportunities in B-rated bonds issued by companie… read more...

High-Yield Market Is Fairly Priced

via: SeekingAlpha at 2019-05-24 01:55:46:000

By Seth Meyer, CFA Portfolio Manager Seth Meyer discusses the current state of the high-yield market, which he views as fairly priced, given a strong technical tailwind and constructive fundamentals. We believe investors can find attractive opportunities in B-rated bonds issued by companie… read more...

High-Yield Market Is Fairly Priced

via: SeekingAlpha at 2019-05-24 01:55:46:000

By Seth Meyer, CFA Portfolio Manager Seth Meyer discusses the current state of the high-yield market, which he views as fairly priced, given a strong technical tailwind and constructive fundamentals. We believe investors can find attractive opportunities in B-rated bonds issued by companie… read more...

High-Yield Market Is Fairly Priced

via: SeekingAlpha at 2019-05-24 01:55:46:000

By Seth Meyer, CFA Portfolio Manager Seth Meyer discusses the current state of the high-yield market, which he views as fairly priced, given a strong technical tailwind and constructive fundamentals. We believe investors can find attractive opportunities in B-rated bonds issued by companie… read more...

The Corporate Maginot Line

via: SeekingAlpha at 2019-05-23 06:39:28:000

The Corporate Maginot Line Since the post-financial crisis era began more than a decade ago, record low interest rates and the Fed's acquisition of $4 trillion of the highest quality fixed-income assets have led investors to scratch and claw for any asset, regardless of quality, offering r… read more...

Seeking Income In High Yield Bonds

via: SeekingAlpha at 2019-05-21 01:35:31:000

Global high yield bonds sold off amid the latest spike in market volatility, along with other risk assets. Yet this does not change our view that exposure to the asset class is important for fixed income investors in an environment where carry, or coupon income, is becoming the main driver of … read more...

Seeking Income In High Yield Bonds

via: SeekingAlpha at 2019-05-21 01:35:31:000

Global high yield bonds sold off amid the latest spike in market volatility, along with other risk assets. Yet this does not change our view that exposure to the asset class is important for fixed income investors in an environment where carry, or coupon income, is becoming the main driver of … read more...

Junk bond issuance hits 20-month high - Bloomberg

via: SeekingAlpha at 2019-05-10 07:38:40:000

U.S. junk bond issuers rush to the market, pricing $3B in bonds on Thursday and bringing this week's total to $12B, the busiest week since September 2017, Bloomberg First Word reports. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF,… read more...

Junk bond issuance hits 20-month high - Bloomberg

via: SeekingAlpha at 2019-05-10 07:38:40:000

U.S. junk bond issuers rush to the market, pricing $3B in bonds on Thursday and bringing this week's total to $12B, the busiest week since September 2017, Bloomberg First Word reports. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF,… read more...

Junk bond issuance hits 20-month high - Bloomberg

via: SeekingAlpha at 2019-05-10 07:38:40:000

U.S. junk bond issuers rush to the market, pricing $3B in bonds on Thursday and bringing this week's total to $12B, the busiest week since September 2017, Bloomberg First Word reports. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF,… read more...

Junk bond issuance hits 20-month high - Bloomberg

via: SeekingAlpha at 2019-05-10 07:38:40:000

U.S. junk bond issuers rush to the market, pricing $3B in bonds on Thursday and bringing this week's total to $12B, the busiest week since September 2017, Bloomberg First Word reports. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF,… read more...

Junk bond issuance hits 20-month high - Bloomberg

via: SeekingAlpha at 2019-05-10 07:38:40:000

U.S. junk bond issuers rush to the market, pricing $3B in bonds on Thursday and bringing this week's total to $12B, the busiest week since September 2017, Bloomberg First Word reports. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF,… read more...

HYG And U.S. High-Yield Market Outlook: Week Ending May 03, 2019

via: SeekingAlpha at 2019-05-09 04:42:54:000

By Vladimir Nikulin, CFA During the last week, the iShares iBoxx $ High Yield Corporate Bond ETF ( HYG ) declined by 0.46% primarily due to monthly dividend payments last week. HYG's underlying portfolio demonstrated neutral performance (0.0%) due to lack of positive news during the last w… read more...

What Blows Up First? Part 8: Leveraged Corporate Loans

via: SeekingAlpha at 2019-05-08 12:36:20:000

By now just about everyone understands what junk bonds are and why they matter. But there's a non-publicly traded version of this kind of debt that's also soaring and has recently caught the Fed's eye. Called leveraged loans, these are loans made by banks to companies with weak balance sheets … read more...

Credit Markets Give Green Light To All-Time S&P 500 Highs

via: SeekingAlpha at 2019-05-06 00:56:45:000

Before the last January '18, February '18 plunge in the equity markets, the S&P 500 peaked on January 26, 2018, at 2,872 - 2,873. With Friday night's close at 2,945, the total gain for the S&P 500 (excluding dividends) is 2.5% from that January '18 peak. That is a paltry return for t… read more...

Credit Markets Give Green Light To All-Time S&P 500 Highs

via: SeekingAlpha at 2019-05-06 00:56:45:000

Before the last January '18, February '18 plunge in the equity markets, the S&P 500 peaked on January 26, 2018, at 2,872 - 2,873. With Friday night's close at 2,945, the total gain for the S&P 500 (excluding dividends) is 2.5% from that January '18 peak. That is a paltry return for t… read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2019-05-01 08:52:50:000

VanEck Vectors Fallen Angel High Yield Bond ETF (NYSEARCA: ANGL ) - $0.1347 . 30-Day SEC Yield of 5.85%. VanEck Vectors Investment Grade Floating Rate ETF (NYSEARCA: FLTR ) - $0.0664 . 30-Day SEC Yield of 3.23%. VanEck Vectors Green Bond ETF (NYSEARCA: GRNB ) - $0.0275 . 30-Day SEC Yi… read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2019-05-01 08:52:50:000

VanEck Vectors Fallen Angel High Yield Bond ETF (NYSEARCA: ANGL ) - $0.1347 . 30-Day SEC Yield of 5.85%. VanEck Vectors Investment Grade Floating Rate ETF (NYSEARCA: FLTR ) - $0.0664 . 30-Day SEC Yield of 3.23%. VanEck Vectors Green Bond ETF (NYSEARCA: GRNB ) - $0.0275 . 30-Day SEC Yi… read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2019-05-01 08:52:50:000

VanEck Vectors Fallen Angel High Yield Bond ETF (NYSEARCA: ANGL ) - $0.1347 . 30-Day SEC Yield of 5.85%. VanEck Vectors Investment Grade Floating Rate ETF (NYSEARCA: FLTR ) - $0.0664 . 30-Day SEC Yield of 3.23%. VanEck Vectors Green Bond ETF (NYSEARCA: GRNB ) - $0.0275 . 30-Day SEC Yi… read more...

Announcing VanEck Vectors ETFs' April 2019 Distributions

via: Business Wire at 2019-04-30 13:45:00:000

VanEck announced today its distributions per share for its VanEck Vectors exchange-traded funds. The following dates apply to distribution declarations for the funds listed below: The majority, and possibly all, of the dividend distributions will be paid out of net investment… read more...

Looking To De-Risk? High Yield Can Help

via: SeekingAlpha at 2019-04-30 02:31:19:000

By Gershon Distenfeld and Will Smith The S&P 500 Index hit an all-time high on April 23, thanks to improving investor optimism. But for some equity investors, market highs signal a good time to reduce downside risk. There are additional reasons investors may want to trim their sails…. read more...

The Dollar, Market Breadth, High-Yield Bond Market Health And The VIX

via: SeekingAlpha at 2019-04-29 00:07:44:000

The S&P 500 closed within one point of September 2018 all-time last Friday. You'd have to think "everyone" is watching what happens this week. I wouldn't be surprised to see a pullback here since the S&P 500 usually takes a few tries to poke through a longer-term high. Market Bread… read more...

From Dysphoria To Euphoria And Back

via: SeekingAlpha at 2019-04-28 06:11:59:000

"Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds. Then fear hits, and it comes down very sharply. When I started to look at that, I was sort of intellectually shocked. Contagion is the critical phenomenon whi… read more...

Debt, Downgrades And Fallen Angels: Keeping Risks In Perspective

via: SeekingAlpha at 2019-04-18 02:50:32:000

By Matthew Sheridan, Matthew Minnetian and Gershon Distenfeld The market has grown less anxious about an imminent wave of bond downgrades. That's good, because overestimating the risk can lead to missed opportunities. But the risk hasn't disappeared, making research as important as ever. … read more...

Debt, Downgrades And Fallen Angels: Keeping Risks In Perspective

via: SeekingAlpha at 2019-04-18 02:50:32:000

By Matthew Sheridan, Matthew Minnetian and Gershon Distenfeld The market has grown less anxious about an imminent wave of bond downgrades. That's good, because overestimating the risk can lead to missed opportunities. But the risk hasn't disappeared, making research as important as ever. … read more...

Debt, Downgrades And Fallen Angels: Keeping Risks In Perspective

via: SeekingAlpha at 2019-04-18 02:50:32:000

By Matthew Sheridan, Matthew Minnetian and Gershon Distenfeld The market has grown less anxious about an imminent wave of bond downgrades. That's good, because overestimating the risk can lead to missed opportunities. But the risk hasn't disappeared, making research as important as ever. … read more...

Debt, Downgrades And Fallen Angels: Keeping Risks In Perspective

via: SeekingAlpha at 2019-04-18 02:50:32:000

By Matthew Sheridan, Matthew Minnetian and Gershon Distenfeld The market has grown less anxious about an imminent wave of bond downgrades. That's good, because overestimating the risk can lead to missed opportunities. But the risk hasn't disappeared, making research as important as ever. … read more...

Debt, Downgrades And Fallen Angels: Keeping Risks In Perspective

via: SeekingAlpha at 2019-04-18 02:50:32:000

By Matthew Sheridan, Matthew Minnetian and Gershon Distenfeld The market has grown less anxious about an imminent wave of bond downgrades. That's good, because overestimating the risk can lead to missed opportunities. But the risk hasn't disappeared, making research as important as ever. … read more...

Debt, Downgrades And Fallen Angels: Keeping Risks In Perspective

via: SeekingAlpha at 2019-04-18 02:50:32:000

By Matthew Sheridan, Matthew Minnetian and Gershon Distenfeld The market has grown less anxious about an imminent wave of bond downgrades. That's good, because overestimating the risk can lead to missed opportunities. But the risk hasn't disappeared, making research as important as ever. … read more...

Employ Hedge Fund Strategies With ETF Costs

via: SeekingAlpha at 2019-04-06 04:39:53:000

Most investors don't meet the requirements to invest in hedge funds. And let's face it: even if they did, they probably shouldn't. According to CNBC , hedge funds beat the S&P 500 for the first time in a decade in 2018 by losing 4.07 percent instead of the 4.38 percent loss by the S&P… read more...

Employ Hedge Fund Strategies With ETF Costs

via: SeekingAlpha at 2019-04-06 04:39:53:000

Most investors don't meet the requirements to invest in hedge funds. And let's face it: even if they did, they probably shouldn't. According to CNBC , hedge funds beat the S&P 500 for the first time in a decade in 2018 by losing 4.07 percent instead of the 4.38 percent loss by the S&P… read more...

Employ Hedge Fund Strategies With ETF Costs

via: SeekingAlpha at 2019-04-06 04:39:53:000

Most investors don't meet the requirements to invest in hedge funds. And let's face it: even if they did, they probably shouldn't. According to CNBC , hedge funds beat the S&P 500 for the first time in a decade in 2018 by losing 4.07 percent instead of the 4.38 percent loss by the S&P… read more...

Employ Hedge Fund Strategies With ETF Costs

via: SeekingAlpha at 2019-04-06 04:39:53:000

Most investors don't meet the requirements to invest in hedge funds. And let's face it: even if they did, they probably shouldn't. According to CNBC , hedge funds beat the S&P 500 for the first time in a decade in 2018 by losing 4.07 percent instead of the 4.38 percent loss by the S&P… read more...

The Dichotomy Between Junk Bonds And Treasuries Continues

via: SeekingAlpha at 2019-04-02 22:45:04:000

The relentless bids in the U.S. Treasury market continue, with the 10-year Treasury yield closing last week at 2.41%. Given the fierce rebound in the high-yield market with key high yield ETFs trading at fresh 52-week highs I would have expected risk free inve… read more...

The Dichotomy Between Junk Bonds And Treasuries Continues

via: SeekingAlpha at 2019-04-02 22:45:04:000

The relentless bids in the U.S. Treasury market continue, with the 10-year Treasury yield closing last week at 2.41%. Given the fierce rebound in the high-yield market with key high yield ETFs trading at fresh 52-week highs I would have expected risk free inve… read more...

The Dichotomy Between Junk Bonds And Treasuries Continues

via: SeekingAlpha at 2019-04-02 22:45:04:000

The relentless bids in the U.S. Treasury market continue, with the 10-year Treasury yield closing last week at 2.41%. Given the fierce rebound in the high-yield market with key high yield ETFs trading at fresh 52-week highs I would have expected risk free inve… read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2019-04-01 12:15:29:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0979 . 30-Day SEC Yield of 4.70%. VanEck Vectors CEF Municipal Income ETF (NYSE: XMPT ) - $0.0880 . 30-Day SEC Yield of 4.38%. VanEck Vectors International High Yield Bond ETF (NYSEARCA: IHY ) - $0.0989 . 30-Day… read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2019-04-01 12:15:29:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0979 . 30-Day SEC Yield of 4.70%. VanEck Vectors CEF Municipal Income ETF (NYSE: XMPT ) - $0.0880 . 30-Day SEC Yield of 4.38%. VanEck Vectors International High Yield Bond ETF (NYSEARCA: IHY ) - $0.0989 . 30-Day… read more...

Announcing VanEck Vectors ETFs' March 2019 Distributions

via: Business Wire at 2019-03-29 14:42:00:000

VanEck announced today its distributions per share for its VanEck Vectors exchange-traded funds. The following dates apply to distribution declarations for the funds listed below: The majority, and possibly all, of the dividend distributions will be paid out of net investment… read more...

Announcing VanEck Vectors ETFs' March 2019 Distributions

via: Business Wire at 2019-03-29 14:42:00:000

VanEck announced today its distributions per share for its VanEck Vectors exchange-traded funds. The following dates apply to distribution declarations for the funds listed below: The majority, and possibly all, of the dividend distributions will be paid out of net investment… read more...

Announcing VanEck Vectors ETFs' March 2019 Distributions

via: Business Wire at 2019-03-29 14:42:00:000

VanEck announced today its distributions per share for its VanEck Vectors exchange-traded funds. The following dates apply to distribution declarations for the funds listed below: The majority, and possibly all, of the dividend distributions will be paid out of net investment… read more...

Junk bonds YTD index returns gain across all ratings

via: SeekingAlpha at 2019-03-29 03:34:11:000

U.S. junk bonds across all ratings notched in their best YTD index returns since 2013 as cash flowed into retail funds. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond Fund, Financial stocks news, News … read more...

Junk bonds YTD index returns gain across all ratings

via: SeekingAlpha at 2019-03-29 03:34:11:000

U.S. junk bonds across all ratings notched in their best YTD index returns since 2013 as cash flowed into retail funds. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond Fund, Financial stocks news, News … read more...

Junk bonds YTD index returns gain across all ratings

via: SeekingAlpha at 2019-03-29 03:34:11:000

U.S. junk bonds across all ratings notched in their best YTD index returns since 2013 as cash flowed into retail funds. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond Fund, Financial stocks news, News … read more...

3 Reasons Why It's Time For A Barbell Strategy

via: SeekingAlpha at 2019-03-27 04:41:34:000

By Matthew Sheridan As economic cycles enter their later stages, investors sometimes find that they're taking too much risk to generate income. There's a strategy that can help - and we think now is the time to use it. Pairing high-yield corporate bonds and other credit assets with high-… read more...

3 Reasons Why It's Time For A Barbell Strategy

via: SeekingAlpha at 2019-03-27 04:41:34:000

By Matthew Sheridan As economic cycles enter their later stages, investors sometimes find that they're taking too much risk to generate income. There's a strategy that can help - and we think now is the time to use it. Pairing high-yield corporate bonds and other credit assets with high-… read more...

U.S. junk bonds gain as Fed builds on dovish stance

via: SeekingAlpha at 2019-03-21 03:44:36:000

U.S. junk bonds extended their rally after the Fed turned even more dovish than expected Wednesday. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond Fund, Financial stocks news, News on ETFs, Read mo… read more...

U.S. junk bonds gain as Fed builds on dovish stance

via: SeekingAlpha at 2019-03-21 03:44:36:000

U.S. junk bonds extended their rally after the Fed turned even more dovish than expected Wednesday. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond Fund, Financial stocks news, News on ETFs, Read mo… read more...

U.S. junk bonds gain as Fed builds on dovish stance

via: SeekingAlpha at 2019-03-21 03:44:36:000

U.S. junk bonds extended their rally after the Fed turned even more dovish than expected Wednesday. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond Fund, Financial stocks news, News on ETFs, Read mo… read more...

ISD And GHY Mandate Changes Offer Possible Catalyst For Discount Contraction

via: SeekingAlpha at 2019-03-18 07:53:06:000

Investment thesis PGIM High Yield Bond Fund ( ISD ) and PGIM Global High Yield Fund ( GHY )'s investment mandate change may offer a potential catalyst for discount narrowing. Investment mandate change On March 8, 2019 , PGIM High Yield Bond Fund (formerly PGIM Short Duration High… read more...

ISD And GHY Mandate Changes Offer Possible Catalyst For Discount Contraction

via: SeekingAlpha at 2019-03-18 07:53:06:000

Investment thesis PGIM High Yield Bond Fund ( ISD ) and PGIM Global High Yield Fund ( GHY )'s investment mandate change may offer a potential catalyst for discount narrowing. Investment mandate change On March 8, 2019 , PGIM High Yield Bond Fund (formerly PGIM Short Duration High… read more...

ISD And GHY Mandate Changes Offer Possible Catalyst For Discount Contraction

via: SeekingAlpha at 2019-03-18 07:53:06:000

Investment thesis PGIM High Yield Bond Fund ( ISD ) and PGIM Global High Yield Fund ( GHY )'s investment mandate change may offer a potential catalyst for discount narrowing. Investment mandate change On March 8, 2019 , PGIM High Yield Bond Fund (formerly PGIM Short Duration High… read more...

Should High Yield Investors Be Concerned About 'Fallen Angels'?

via: SeekingAlpha at 2019-03-17 06:38:19:000

Posted by Michael Kelley, Head of Global High Yield Research, Samira Sattarzadeh, Senior Analyst on March 14, 2019, in Fixed Income Earlier this year, our investment grade colleagues discussed the potential implications of the growing BBB segment of the US investment grade market… read more...

Fallen Angel Watch: A Coming Wave Of Downgrades?

via: SeekingAlpha at 2019-03-12 22:35:38:000

allen Angel Watch: A Coming Wave of Downgrades? WILLIAM SOKOL: After several years of strong returns in a relatively benign environment, how can high yield investors position their portfolios for a possible turn in the credit cycle? I'm Bill Sokol. I'm here today with Fran Rodilosso t… read more...

Fallen Angel Watch: A Coming Wave Of Downgrades?

via: SeekingAlpha at 2019-03-12 22:35:38:000

allen Angel Watch: A Coming Wave of Downgrades? WILLIAM SOKOL: After several years of strong returns in a relatively benign environment, how can high yield investors position their portfolios for a possible turn in the credit cycle? I'm Bill Sokol. I'm here today with Fran Rodilosso t… read more...

Fallen Angel Watch: A Coming Wave Of Downgrades?

via: SeekingAlpha at 2019-03-12 22:35:38:000

allen Angel Watch: A Coming Wave of Downgrades? WILLIAM SOKOL: After several years of strong returns in a relatively benign environment, how can high yield investors position their portfolios for a possible turn in the credit cycle? I'm Bill Sokol. I'm here today with Fran Rodilosso t… read more...

Goldman still prefers leveraged loans over junk bonds

via: SeekingAlpha at 2019-03-11 06:41:48:000

Leveraged loans, on a risk-adjusted basis, have outperformed junk bonds by more than 80 basis points, since Goldman Sachs recommended an overweight allocation in mid-January, Goldman strategist Lotfi Karoui wrote in a March 7 note. More news on: iShares iBoxx $ High Yield Corporate Bond ET… read more...

Goldman still prefers leveraged loans over junk bonds

via: SeekingAlpha at 2019-03-11 06:41:48:000

Leveraged loans, on a risk-adjusted basis, have outperformed junk bonds by more than 80 basis points, since Goldman Sachs recommended an overweight allocation in mid-January, Goldman strategist Lotfi Karoui wrote in a March 7 note. More news on: iShares iBoxx $ High Yield Corporate Bond ET… read more...

Fallen Angels To The Rescue? Ways To Survive The Next Liquidity Crisis

via: SeekingAlpha at 2019-03-08 12:42:03:000

December offered credit investors a taste of what a real cyclical downturn might look like in a post-GFC (global financial crisis) world. Unsurprisingly, most did not enjoy the flavor. In concert with other risk assets, corporate credit saw considerable volatility and losses late in the year… read more...

Fallen Angels To The Rescue? Ways To Survive The Next Liquidity Crisis

via: SeekingAlpha at 2019-03-08 12:42:03:000

December offered credit investors a taste of what a real cyclical downturn might look like in a post-GFC (global financial crisis) world. Unsurprisingly, most did not enjoy the flavor. In concert with other risk assets, corporate credit saw considerable volatility and losses late in the year… read more...

Fallen Angels To The Rescue? Ways To Survive The Next Liquidity Crisis

via: SeekingAlpha at 2019-03-08 12:42:03:000

December offered credit investors a taste of what a real cyclical downturn might look like in a post-GFC (global financial crisis) world. Unsurprisingly, most did not enjoy the flavor. In concert with other risk assets, corporate credit saw considerable volatility and losses late in the year… read more...

Junk bond ETFs see $1.3B in outflows: Lipper

via: SeekingAlpha at 2019-03-08 05:11:33:000

Retail investors withdrew $1.9B from U.S. high-yield funds in the week ended March 6 and ending five weeks of inflows, LeveragedLoan.com reports, citing Lipper. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yi… read more...

Junk bond ETFs see $1.3B in outflows: Lipper

via: SeekingAlpha at 2019-03-08 05:11:33:000

Retail investors withdrew $1.9B from U.S. high-yield funds in the week ended March 6 and ending five weeks of inflows, LeveragedLoan.com reports, citing Lipper. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yi… read more...

Junk bond ETFs see $1.3B in outflows: Lipper

via: SeekingAlpha at 2019-03-08 05:11:33:000

Retail investors withdrew $1.9B from U.S. high-yield funds in the week ended March 6 and ending five weeks of inflows, LeveragedLoan.com reports, citing Lipper. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yi… read more...

Junk bonds' returns suffer as supply rises

via: SeekingAlpha at 2019-03-06 04:06:34:000

U.S. junk bonds' returns turned negative across the risk spectrum yesterday for the first time in almost four weeks. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond Fund, Financial stocks news, News on … read more...

Junk bonds' returns suffer as supply rises

via: SeekingAlpha at 2019-03-06 04:06:34:000

U.S. junk bonds' returns turned negative across the risk spectrum yesterday for the first time in almost four weeks. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond Fund, Financial stocks news, News on … read more...

Why The 10-Year Treasury Is Likely Headed To 3%

via: SeekingAlpha at 2019-03-05 21:03:23:000

Even with Kim pulling off a switcheroo on President Trump in Hanoi last week, the stock market had very little negative reaction. A failed nuclear summit that had a lot of potential to ratchet down tensions on the Korean peninsula is disappointing, but the stock market took it like a champ. … read more...

Why The 10-Year Treasury Is Likely Headed To 3%

via: SeekingAlpha at 2019-03-05 21:03:23:000

Even with Kim pulling off a switcheroo on President Trump in Hanoi last week, the stock market had very little negative reaction. A failed nuclear summit that had a lot of potential to ratchet down tensions on the Korean peninsula is disappointing, but the stock market took it like a champ. … read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2019-03-01 08:16:05:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0842 . 30-Day SEC Yield of 4.70%. More news on: VanEck Vectors EM Aggregate Bond ETF, VanEck Vectors CEF Municipal Income ETF, VanEck Vectors International High Yield Bond ETF, News on ETFs Read more … read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2019-03-01 08:16:05:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0842 . 30-Day SEC Yield of 4.70%. More news on: VanEck Vectors EM Aggregate Bond ETF, VanEck Vectors CEF Municipal Income ETF, VanEck Vectors International High Yield Bond ETF, News on ETFs Read more … read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2019-03-01 08:16:05:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0842 . 30-Day SEC Yield of 4.70%. More news on: VanEck Vectors EM Aggregate Bond ETF, VanEck Vectors CEF Municipal Income ETF, VanEck Vectors International High Yield Bond ETF, News on ETFs Read more … read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2019-03-01 08:16:05:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0842 . 30-Day SEC Yield of 4.70%. More news on: VanEck Vectors EM Aggregate Bond ETF, VanEck Vectors CEF Municipal Income ETF, VanEck Vectors International High Yield Bond ETF, News on ETFs Read more … read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2019-03-01 08:16:05:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0842 . 30-Day SEC Yield of 4.70%. More news on: VanEck Vectors EM Aggregate Bond ETF, VanEck Vectors CEF Municipal Income ETF, VanEck Vectors International High Yield Bond ETF, News on ETFs Read more … read more...

Announcing VanEck Vectors ETFs' February 2019 Distributions

via: Business Wire at 2019-02-28 14:14:00:000

VanEck announced today its distributions per share for its VanEck Vectors exchange-traded funds. The following dates apply to distribution declarations for the funds listed below: The majority, and possibly all, of the dividend distributions will be paid out of net investment… read more...

Announcing VanEck Vectors ETFs' February 2019 Distributions

via: Business Wire at 2019-02-28 14:14:00:000

VanEck announced today its distributions per share for its VanEck Vectors exchange-traded funds. The following dates apply to distribution declarations for the funds listed below: The majority, and possibly all, of the dividend distributions will be paid out of net investment… read more...

Announcing VanEck Vectors ETFs' February 2019 Distributions

via: Business Wire at 2019-02-28 14:14:00:000

VanEck announced today its distributions per share for its VanEck Vectors exchange-traded funds. The following dates apply to distribution declarations for the funds listed below: The majority, and possibly all, of the dividend distributions will be paid out of net investment… read more...

Announcing VanEck Vectors ETFs' February 2019 Distributions

via: Business Wire at 2019-02-28 14:14:00:000

VanEck announced today its distributions per share for its VanEck Vectors exchange-traded funds. The following dates apply to distribution declarations for the funds listed below: The majority, and possibly all, of the dividend distributions will be paid out of net investment… read more...

Announcing VanEck Vectors ETFs' February 2019 Distributions

via: Business Wire at 2019-02-28 14:14:00:000

VanEck announced today its distributions per share for its VanEck Vectors exchange-traded funds. The following dates apply to distribution declarations for the funds listed below: The majority, and possibly all, of the dividend distributions will be paid out of net investment… read more...

A Cautionary Take On High-Yield Bonds

via: SeekingAlpha at 2019-02-26 10:03:18:000

By Jeremy Schwartz, CFA On the last "Behind the Markets" podcast, Liqian Ren and I hosted two recurring guests. Bill Stone, CIO of Avalon Advisors, discussed joining Avalon and his global market outlook. Martin Fridson, CIO of Lehmann Livian Fridson Advisors, joined for the second half of … read more...

A Cautionary Take On High-Yield Bonds

via: SeekingAlpha at 2019-02-26 10:03:18:000

By Jeremy Schwartz, CFA On the last "Behind the Markets" podcast, Liqian Ren and I hosted two recurring guests. Bill Stone, CIO of Avalon Advisors, discussed joining Avalon and his global market outlook. Martin Fridson, CIO of Lehmann Livian Fridson Advisors, joined for the second half of … read more...

A Cautionary Take On High-Yield Bonds

via: SeekingAlpha at 2019-02-26 10:03:18:000

By Jeremy Schwartz, CFA On the last "Behind the Markets" podcast, Liqian Ren and I hosted two recurring guests. Bill Stone, CIO of Avalon Advisors, discussed joining Avalon and his global market outlook. Martin Fridson, CIO of Lehmann Livian Fridson Advisors, joined for the second half of … read more...

High-Yield Bonds: A Long-Term Investor's Friend

via: SeekingAlpha at 2019-02-26 05:42:23:000

The US high-yield bond market has an impressive record when it comes to recovering drawdowns quickly . But how much can an investor who stays put reasonably expect to earn? Today's yield should give them a pretty good idea. History has shown that the yield you start with is a remarkably r… read more...

High-Yield Bonds: A Long-Term Investor's Friend

via: SeekingAlpha at 2019-02-26 05:42:23:000

The US high-yield bond market has an impressive record when it comes to recovering drawdowns quickly . But how much can an investor who stays put reasonably expect to earn? Today's yield should give them a pretty good idea. History has shown that the yield you start with is a remarkably r… read more...

High-Yield Bonds: A Long-Term Investor's Friend

via: SeekingAlpha at 2019-02-26 05:42:23:000

The US high-yield bond market has an impressive record when it comes to recovering drawdowns quickly . But how much can an investor who stays put reasonably expect to earn? Today's yield should give them a pretty good idea. History has shown that the yield you start with is a remarkably r… read more...

Lethe

via: SeekingAlpha at 2019-02-24 08:54:30:000

"Forgiveness is the fragrance that the violet sheds on the heel that has crushed it." - Mark Twain Looking at the continuation of the rally seen in January, with markets being more oblivious to macro data given the return of the central banking support narrative, when it came to selecting … read more...

Lethe

via: SeekingAlpha at 2019-02-24 08:54:30:000

"Forgiveness is the fragrance that the violet sheds on the heel that has crushed it." - Mark Twain Looking at the continuation of the rally seen in January, with markets being more oblivious to macro data given the return of the central banking support narrative, when it came to selecting … read more...

Investors Develop An Appetite For Risk

via: SeekingAlpha at 2019-02-19 08:28:21:000

High yield funds (including both mutual funds and ETFs) took in $728 million in net new money for the fund-flows trading week ended Wednesday, February 13. This was the fifth net inflow in the last six weeks for the group during which time its total intake has been +$9.4 billion, this includes… read more...

Investors Develop An Appetite For Risk

via: SeekingAlpha at 2019-02-19 08:28:21:000

High yield funds (including both mutual funds and ETFs) took in $728 million in net new money for the fund-flows trading week ended Wednesday, February 13. This was the fifth net inflow in the last six weeks for the group during which time its total intake has been +$9.4 billion, this includes… read more...

Investors Develop An Appetite For Risk

via: SeekingAlpha at 2019-02-19 08:28:21:000

High yield funds (including both mutual funds and ETFs) took in $728 million in net new money for the fund-flows trading week ended Wednesday, February 13. This was the fifth net inflow in the last six weeks for the group during which time its total intake has been +$9.4 billion, this includes… read more...

Cryoseism

via: SeekingAlpha at 2019-02-13 06:50:04:000

Praise out of season, or tactlessly bestowed, can freeze the heart as much as blame." - Pearl S. Buck Watching with interest the weakening tone in February in credit markets following the stellar month of January, in conjunction with confirmation of a global slowdown, and with no resolutio… read more...

Cryoseism

via: SeekingAlpha at 2019-02-13 06:50:04:000

Praise out of season, or tactlessly bestowed, can freeze the heart as much as blame." - Pearl S. Buck Watching with interest the weakening tone in February in credit markets following the stellar month of January, in conjunction with confirmation of a global slowdown, and with no resolutio… read more...

Cryoseism

via: SeekingAlpha at 2019-02-13 06:50:04:000

Praise out of season, or tactlessly bestowed, can freeze the heart as much as blame." - Pearl S. Buck Watching with interest the weakening tone in February in credit markets following the stellar month of January, in conjunction with confirmation of a global slowdown, and with no resolutio… read more...

High Yield: The Comeback Kid

via: SeekingAlpha at 2019-02-13 06:15:25:000

The US high-yield market has suffered ten peak-to-trough losses greater than 5% in the last 20 years. On average, investors recovered their losses in only four months - and sometimes as few as two. Following the longest and largest drawdown of -35%, which lasted 19 months, investors who stay… read more...

High Yield: The Comeback Kid

via: SeekingAlpha at 2019-02-13 06:15:25:000

The US high-yield market has suffered ten peak-to-trough losses greater than 5% in the last 20 years. On average, investors recovered their losses in only four months - and sometimes as few as two. Following the longest and largest drawdown of -35%, which lasted 19 months, investors who stay… read more...

High Yield: The Comeback Kid

via: SeekingAlpha at 2019-02-13 06:15:25:000

The US high-yield market has suffered ten peak-to-trough losses greater than 5% in the last 20 years. On average, investors recovered their losses in only four months - and sometimes as few as two. Following the longest and largest drawdown of -35%, which lasted 19 months, investors who stay… read more...

Corporate Credit: Why Playing Defense Makes Sense Now

via: SeekingAlpha at 2019-02-13 06:01:40:000

By Collin Martin The investment-grade corporate bond market has gotten riskier. BBB rated corporate bonds now make up more than half of the investment-grade corporate bond market, and the share keeps rising. We suggest investors play defense with their investment-grade corporate bo… read more...

Corporate Credit: Why Playing Defense Makes Sense Now

via: SeekingAlpha at 2019-02-13 06:01:40:000

By Collin Martin The investment-grade corporate bond market has gotten riskier. BBB rated corporate bonds now make up more than half of the investment-grade corporate bond market, and the share keeps rising. We suggest investors play defense with their investment-grade corporate bo… read more...

Corporate Credit: Why Playing Defense Makes Sense Now

via: SeekingAlpha at 2019-02-13 06:01:40:000

By Collin Martin The investment-grade corporate bond market has gotten riskier. BBB rated corporate bonds now make up more than half of the investment-grade corporate bond market, and the share keeps rising. We suggest investors play defense with their investment-grade corporate bo… read more...

U.S. Corporate Bonds: Cleanup On Aisle 5

via: SeekingAlpha at 2019-02-12 10:32:16:000

By Kevin Flanagan, Senior Fixed Income Strategist A bit over a month into the new year, and the two asset classes whose performance stands out are U.S. investment grade ((IG)) and high-yield ((HY)) bonds. This recent turn of events is certainly a noteworthy reversal of fortune from how 201… read more...

Junk Bonds 'Read Like A Bond, But Trade Like A Stock'

via: SeekingAlpha at 2019-02-12 08:47:37:000

It takes 35 years in the trenches of the junk bond market for an investment professional to come up with a one-liner that summarizes the volatility of low-grade debt: It reads like a bond, but trades like a stock. As junk bond spreads were blowing out in January 2016, the … read more...

Junk bond rally brings return of leveraged dividend

via: SeekingAlpha at 2019-02-12 07:31:45:000

It's good to be a Blackstone (NYSE: BX ) partner. Feeling its oats after the major rally in high-yield, the private-equity giant's Ascend Learning yesterday launched a CCC-rated $300M offering to fund a dividend distribution. More news on: The Blackstone Group L.P., iShares iBoxx $ High Yi… read more...

High Yield Stalls

via: SeekingAlpha at 2019-02-09 02:06:57:000

Just like the broader market this week, the rally in high yield credit stalled out a bit. Earlier on Friday, we highlighted the fact that the S&P 500 ran into resistance right at its 200-DMA earlier this week and has been pulling back ever since. In the case of the ETF that tracks the hi… read more...

High Yield Stalls

via: SeekingAlpha at 2019-02-09 02:06:57:000

Just like the broader market this week, the rally in high yield credit stalled out a bit. Earlier on Friday, we highlighted the fact that the S&P 500 ran into resistance right at its 200-DMA earlier this week and has been pulling back ever since. In the case of the ETF that tracks the hi… read more...

High Yield Stalls

via: SeekingAlpha at 2019-02-09 02:06:57:000

Just like the broader market this week, the rally in high yield credit stalled out a bit. Earlier on Friday, we highlighted the fact that the S&P 500 ran into resistance right at its 200-DMA earlier this week and has been pulling back ever since. In the case of the ETF that tracks the hi… read more...

Junk bond funds attract flows, bond sales at 2-year high

via: SeekingAlpha at 2019-02-08 10:00:05:000

U.S. high-yield funds pulled in $3.86B for the week ended Friday, the largest amount since July of 2016, according to Lipper data. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond Fund, Financial stocks … read more...

Can A High-Yield Allocation Still Offset Equity Volatility?

via: SeekingAlpha at 2019-02-06 09:50:26:000

By Gershon Distenfeld Should you be concerned that high-yield bonds didn't predict last year's equity market selloff? We don't think so. In fact, we think investors should consider adding high-yield exposure to reduce overall risk. High-yield bonds have traditionally been a reliable earl… read more...

Can A High-Yield Allocation Still Offset Equity Volatility?

via: SeekingAlpha at 2019-02-06 09:50:26:000

By Gershon Distenfeld Should you be concerned that high-yield bonds didn't predict last year's equity market selloff? We don't think so. In fact, we think investors should consider adding high-yield exposure to reduce overall risk. High-yield bonds have traditionally been a reliable earl… read more...

U.S. junk bonds post best January since 2009

via: SeekingAlpha at 2019-02-01 09:11:10:000

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. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond Fund, Financial stocks n… read more...

U.S. junk bonds post best January since 2009

via: SeekingAlpha at 2019-02-01 09:11:10:000

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. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond Fund, Financial stocks n… read more...

U.S. junk bonds post best January since 2009

via: SeekingAlpha at 2019-02-01 09:11:10:000

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. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond Fund, Financial stocks n… read more...

U.S. junk bonds post best January since 2009

via: SeekingAlpha at 2019-02-01 09:11:10:000

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. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond Fund, Financial stocks n… read more...

U.S. junk bonds post best January since 2009

via: SeekingAlpha at 2019-02-01 09:11:10:000

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. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond Fund, Financial stocks n… read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2019-02-01 08:55:58:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0878 . 30-Day SEC Yield of 4.94%. VanEck Vectors CEF Municipal Income ETF (BATS: XMPT ) - $0.0909 . 30-Day SEC Yield of 4.60%. VanEck Vectors International High Yield Bond ETF (NYSEARCA: IHY ) - $0.0989 . 30-Day… read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2019-02-01 08:55:58:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0878 . 30-Day SEC Yield of 4.94%. VanEck Vectors CEF Municipal Income ETF (BATS: XMPT ) - $0.0909 . 30-Day SEC Yield of 4.60%. VanEck Vectors International High Yield Bond ETF (NYSEARCA: IHY ) - $0.0989 . 30-Day… read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2019-02-01 08:55:58:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0878 . 30-Day SEC Yield of 4.94%. VanEck Vectors CEF Municipal Income ETF (BATS: XMPT ) - $0.0909 . 30-Day SEC Yield of 4.60%. VanEck Vectors International High Yield Bond ETF (NYSEARCA: IHY ) - $0.0989 . 30-Day… read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2019-02-01 08:55:58:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0878 . 30-Day SEC Yield of 4.94%. VanEck Vectors CEF Municipal Income ETF (BATS: XMPT ) - $0.0909 . 30-Day SEC Yield of 4.60%. VanEck Vectors International High Yield Bond ETF (NYSEARCA: IHY ) - $0.0989 . 30-Day… read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2019-02-01 08:55:58:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0878 . 30-Day SEC Yield of 4.94%. VanEck Vectors CEF Municipal Income ETF (BATS: XMPT ) - $0.0909 . 30-Day SEC Yield of 4.60%. VanEck Vectors International High Yield Bond ETF (NYSEARCA: IHY ) - $0.0989 . 30-Day… read more...

Announcing VanEck Vectors ETFs' January 2019 Distributions

via: Business Wire at 2019-01-31 18:24:00:000

VanEck announced today its regular distributions per share for the VanEck Vectors municipal income and income-oriented exchange-traded funds. The following dates apply to distribution declarations for the funds listed below: The majority, and possibly all, of the dividend dis… read more...

Giving Credit Where Credit Is Due

via: SeekingAlpha at 2019-01-30 09:24:28:000

By Brendan Loftus, Research Analyst When volatility returned with a vengeance in 2018, few markets or asset classes were spared. As asset prices declined, investors have started to question if this is a momentary blip or the start of a larger move. Below, we discuss what recent moves have … read more...

Giving Credit Where Credit Is Due

via: SeekingAlpha at 2019-01-30 09:24:28:000

By Brendan Loftus, Research Analyst When volatility returned with a vengeance in 2018, few markets or asset classes were spared. As asset prices declined, investors have started to question if this is a momentary blip or the start of a larger move. Below, we discuss what recent moves have … read more...

Bond Market Week In Review For January 21-25

via: SeekingAlpha at 2019-01-26 02:06:35:000

There were no major U.S. Federal Bank speeches this week, so let's dive into the market overall, starting with corporates. CCC yields (in blue) widened sharply between 10/18 and 12/18, rising about 425 basis points (left scale). Spreads have tightened a bit since then, coming down to about 1… read more...

Bond Market Week In Review For January 21-25

via: SeekingAlpha at 2019-01-26 02:06:35:000

There were no major U.S. Federal Bank speeches this week, so let's dive into the market overall, starting with corporates. CCC yields (in blue) widened sharply between 10/18 and 12/18, rising about 425 basis points (left scale). Spreads have tightened a bit since then, coming down to about 1… read more...

Bond Market Week In Review For January 21-25

via: SeekingAlpha at 2019-01-26 02:06:35:000

There were no major U.S. Federal Bank speeches this week, so let's dive into the market overall, starting with corporates. CCC yields (in blue) widened sharply between 10/18 and 12/18, rising about 425 basis points (left scale). Spreads have tightened a bit since then, coming down to about 1… read more...

Bond Market Week In Review For January 21-25

via: SeekingAlpha at 2019-01-26 02:06:35:000

There were no major U.S. Federal Bank speeches this week, so let's dive into the market overall, starting with corporates. CCC yields (in blue) widened sharply between 10/18 and 12/18, rising about 425 basis points (left scale). Spreads have tightened a bit since then, coming down to about 1… read more...

Throw Caution To The Wind? Not So Fast

via: SeekingAlpha at 2019-01-25 06:04:52:000

By Kathy A Jones We ended 2018 with a cautious outlook. Our concerns centered on the effect of the Federal Reserve's policy tightening on the economy and the market's appetite for risk, at a time when valuations for bonds were high. We suggested a cautious approach to riskier areas of the … read more...

High-Yield Quality Control

via: SeekingAlpha at 2019-01-23 17:45:29:000

By Kevin Flanagan, Senior Fixed Income Strategist; and Josh Shapiro, CFA, Quantitative Strategist One of the more noteworthy stories in the U.S. fixed income arena as 2018 came to a close was the visible reversal in fortune for the high-yield ((HY)) corporate bond market. Not coincidentall… read more...

High-Yield Quality Control

via: SeekingAlpha at 2019-01-23 17:45:29:000

By Kevin Flanagan, Senior Fixed Income Strategist; and Josh Shapiro, CFA, Quantitative Strategist One of the more noteworthy stories in the U.S. fixed income arena as 2018 came to a close was the visible reversal in fortune for the high-yield ((HY)) corporate bond market. Not coincidentall… read more...

Alprazolam

via: SeekingAlpha at 2019-01-20 07:22:03:000

"Anxiety does not empty tomorrow of its sorrows, but only empties today of its strength." - Charles Spurgeon British clergyman Watching with interest the historical defeat of Prime Minister Theresa May relating to Brexit, in conjunction with the Chinese central bank injecting a net 560 bil… read more...

Alprazolam

via: SeekingAlpha at 2019-01-20 07:22:03:000

"Anxiety does not empty tomorrow of its sorrows, but only empties today of its strength." - Charles Spurgeon British clergyman Watching with interest the historical defeat of Prime Minister Theresa May relating to Brexit, in conjunction with the Chinese central bank injecting a net 560 bil… read more...

Alprazolam

via: SeekingAlpha at 2019-01-20 07:22:03:000

"Anxiety does not empty tomorrow of its sorrows, but only empties today of its strength." - Charles Spurgeon British clergyman Watching with interest the historical defeat of Prime Minister Theresa May relating to Brexit, in conjunction with the Chinese central bank injecting a net 560 bil… read more...

Alprazolam

via: SeekingAlpha at 2019-01-20 07:22:03:000

"Anxiety does not empty tomorrow of its sorrows, but only empties today of its strength." - Charles Spurgeon British clergyman Watching with interest the historical defeat of Prime Minister Theresa May relating to Brexit, in conjunction with the Chinese central bank injecting a net 560 bil… read more...

High Yield Spreads: When Crashing Is A Good Thing

via: SeekingAlpha at 2019-01-19 02:00:04:000

After screaming higher towards the end of 2018 right up through the first couple of days of 2019, high yield spreads have come crashing back down to earth in the last two weeks, falling from a high of 544 basis points (bps) on 1/3 to 440 bps through Thursday. At their highs two weeks ago, spre… read more...

High-yield on track for big January

via: SeekingAlpha at 2019-01-17 07:39:07:000

According to Bloomberg, junk bonds have already returned 3.45% this month, which would be the best January in several years. Drilling down further, CCC paper has returned 4.575%, the finest performer in fixed income. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloombe… read more...

High-yield on track for big January

via: SeekingAlpha at 2019-01-17 07:39:07:000

According to Bloomberg, junk bonds have already returned 3.45% this month, which would be the best January in several years. Drilling down further, CCC paper has returned 4.575%, the finest performer in fixed income. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloombe… read more...

Rates And Reality Series: Was The Great Bond Bull Market Just Plain Bull?

via: SeekingAlpha at 2019-01-16 09:37:46:000

In this three-part series, Matt Tucker overturns some commonly held assumptions about the relationship between interest rates and bond returns. Here, he examines what 30 years of falling rates actually meant for bond investors. One comment you often hear these days is how lucky bond market… read more...

How To Keep Your Balance In Shaky Bond Markets

via: SeekingAlpha at 2019-01-16 05:24:23:000

By Matthew Sheridan Bond strategies that balance interest-rate and credit risk struggled in 2018. Is this time-tested approach past its prime? Hardly. We think investors will need to blend exposure to both to generate income and limit risk in 2019. Pairing high-yield corporate bonds and … read more...

Are High-Yield Municipal Bonds 'High Yield' Or 'Junk'?

via: SeekingAlpha at 2019-01-16 04:28:05:000

By Cooper J. Howard There's an old joke in the bond market: "What's the difference between a high-yield bond and a junk bond?" "It's high yield when you buy it, but junk when you sell it!" Since high-yield munis - those that are rated below Baa3/BBB-, or not rated at all - were one of the … read more...

The Dichotomy Between Junk Bonds And Stocks Continues

via: SeekingAlpha at 2019-01-16 01:02:52:000

Mike Lanier, who has spent over 35 years in the trenches of the bond market, told me a while back that junk bonds read like a bond but trade like a stock. As the most volatile sector of the bond market, they offer significant opportunities to either make or lose a lot of mone… read more...

Respite

via: SeekingAlpha at 2019-01-13 11:45:05:000

"I decided that there was only one place to make money in the mutual fund business, as there is only one place for a temperate man to be in a saloon: behind the bar and not in front of it." - Paul Samuelson Looking with interest at the strong rebound in high beta in credit markets in conju… read more...

Respite

via: SeekingAlpha at 2019-01-13 11:45:05:000

"I decided that there was only one place to make money in the mutual fund business, as there is only one place for a temperate man to be in a saloon: behind the bar and not in front of it." - Paul Samuelson Looking with interest at the strong rebound in high beta in credit markets in conju… read more...

Respite

via: SeekingAlpha at 2019-01-13 11:45:05:000

"I decided that there was only one place to make money in the mutual fund business, as there is only one place for a temperate man to be in a saloon: behind the bar and not in front of it." - Paul Samuelson Looking with interest at the strong rebound in high beta in credit markets in conju… read more...

Junk bond drought reflects worries about volatility, economic growth

via: SeekingAlpha at 2019-01-10 12:14:26:000

The last time a U.S. company rated below investment grade issued bonds was in November , marking the longest stretch in more than 20 years in which no junk bonds have been issued. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Cre… read more...

Junk bond drought reflects worries about volatility, economic growth

via: SeekingAlpha at 2019-01-10 12:14:26:000

The last time a U.S. company rated below investment grade issued bonds was in November , marking the longest stretch in more than 20 years in which no junk bonds have been issued. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Cre… read more...

Junk bond drought reflects worries about volatility, economic growth

via: SeekingAlpha at 2019-01-10 12:14:26:000

The last time a U.S. company rated below investment grade issued bonds was in November , marking the longest stretch in more than 20 years in which no junk bonds have been issued. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Cre… read more...

Keep Your (High) Income On Track In 2019

via: SeekingAlpha at 2019-01-10 01:04:24:000

Fahd Malik : I think the most important thing right now more than ever is being diversified. So the high-income investor needs to think about investing in assets outside of [the] US. Fahd Malik : The US central bank is ahead of other G10 banks in terms of the credit cycle. So that cou… read more...

Keep Your (High) Income On Track In 2019

via: SeekingAlpha at 2019-01-10 01:04:24:000

Fahd Malik : I think the most important thing right now more than ever is being diversified. So the high-income investor needs to think about investing in assets outside of [the] US. Fahd Malik : The US central bank is ahead of other G10 banks in terms of the credit cycle. So that cou… read more...

Keep Your (High) Income On Track In 2019

via: SeekingAlpha at 2019-01-10 01:04:24:000

Fahd Malik : I think the most important thing right now more than ever is being diversified. So the high-income investor needs to think about investing in assets outside of [the] US. Fahd Malik : The US central bank is ahead of other G10 banks in terms of the credit cycle. So that cou… read more...

Gundlach says "get out" of junk bonds

via: SeekingAlpha at 2019-01-08 17:42:01:000

DoubleLine founder and CEO Jeffrey Gundlach sees "real potential for negative surprises" in corporate credit. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond Fund, News on the U.S. economy, Stocks on th… read more...

Gundlach says "get out" of junk bonds

via: SeekingAlpha at 2019-01-08 17:42:01:000

DoubleLine founder and CEO Jeffrey Gundlach sees "real potential for negative surprises" in corporate credit. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond Fund, News on the U.S. economy, Stocks on th… read more...

January 2019 Data Update 2: The Message From Bond Markets!

via: SeekingAlpha at 2019-01-08 05:02:56:000

I must admit that I don't pay as much attention to fixed-income markets as I do to equity markets, other than to use numbers from the markets as inputs when I value companies or look at equity markets. This year, I decided to look at bond market movements, both in the sovereign bond and corpor… read more...

January 2019 Data Update 2: The Message From Bond Markets!

via: SeekingAlpha at 2019-01-08 05:02:56:000

I must admit that I don't pay as much attention to fixed-income markets as I do to equity markets, other than to use numbers from the markets as inputs when I value companies or look at equity markets. This year, I decided to look at bond market movements, both in the sovereign bond and corpor… read more...

3 Lessons For Bond Investors From 2018

via: SeekingAlpha at 2019-01-08 04:11:05:000

By Rachel Siu Following a tumultuous market environment in 2018, we discuss three key takeaways for investors to consider in the New Year. For most investors, 2018 was likely a year to forget: global equity markets ended the year deep in the red and most fixed income sectors delivered … read more...

3 Lessons For Bond Investors From 2018

via: SeekingAlpha at 2019-01-08 04:11:05:000

By Rachel Siu Following a tumultuous market environment in 2018, we discuss three key takeaways for investors to consider in the New Year. For most investors, 2018 was likely a year to forget: global equity markets ended the year deep in the red and most fixed income sectors delivered … read more...

Big day for high-yield

via: SeekingAlpha at 2019-01-04 12:53:25:000

Panic selling in stocks one day ago has turned into panic buying today, with the Dow threatening to bust 1K points higher (it's currently up 760 points ). On a percentage basis, the Nasdaq is leading with a 4.25% advance . More news on: iShares iBoxx $ High Yield Corporate Bond… read more...

Big day for high-yield

via: SeekingAlpha at 2019-01-04 12:53:25:000

Panic selling in stocks one day ago has turned into panic buying today, with the Dow threatening to bust 1K points higher (it's currently up 760 points ). On a percentage basis, the Nasdaq is leading with a 4.25% advance . More news on: iShares iBoxx $ High Yield Corporate Bond… read more...

Big day for high-yield

via: SeekingAlpha at 2019-01-04 12:53:25:000

Panic selling in stocks one day ago has turned into panic buying today, with the Dow threatening to bust 1K points higher (it's currently up 760 points ). On a percentage basis, the Nasdaq is leading with a 4.25% advance . More news on: iShares iBoxx $ High Yield Corporate Bond… read more...

Big day for high-yield

via: SeekingAlpha at 2019-01-04 12:53:25:000

Panic selling in stocks one day ago has turned into panic buying today, with the Dow threatening to bust 1K points higher (it's currently up 760 points ). On a percentage basis, the Nasdaq is leading with a 4.25% advance . More news on: iShares iBoxx $ High Yield Corporate Bond… read more...

The Conundrum Within Core Fixed-Income Portfolios

via: SeekingAlpha at 2019-01-04 06:17:15:000

By Adam Hetts, CFA What is the path forward for diversified fixed-income portfolios? Our Portfolio Construction and Strategy team discusses how the simplest solution for navigating the asset class may be rooted in a goals-based approach. Following an unprecedented peri… read more...

The Conundrum Within Core Fixed-Income Portfolios

via: SeekingAlpha at 2019-01-04 06:17:15:000

By Adam Hetts, CFA What is the path forward for diversified fixed-income portfolios? Our Portfolio Construction and Strategy team discusses how the simplest solution for navigating the asset class may be rooted in a goals-based approach. Following an unprecedented peri… read more...

The Conundrum Within Core Fixed-Income Portfolios

via: SeekingAlpha at 2019-01-04 06:17:15:000

By Adam Hetts, CFA What is the path forward for diversified fixed-income portfolios? Our Portfolio Construction and Strategy team discusses how the simplest solution for navigating the asset class may be rooted in a goals-based approach. Following an unprecedented peri… read more...

The Conundrum Within Core Fixed-Income Portfolios

via: SeekingAlpha at 2019-01-04 06:17:15:000

By Adam Hetts, CFA What is the path forward for diversified fixed-income portfolios? Our Portfolio Construction and Strategy team discusses how the simplest solution for navigating the asset class may be rooted in a goals-based approach. Following an unprecedented peri… read more...

BofAML boosts its junk bond default estimate to 5.5%

via: SeekingAlpha at 2019-01-03 09:46:53:000

Bank of America increases its U.S. high-yield bond default rate estimate for the next year to 5.5% from 4.25% due to volatility and tighter financial conditions. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yie… read more...

Crescat Capital Up 40% In 2018 On Everything Bubble Short

via: SeekingAlpha at 2019-01-01 04:45:09:000

Original Post Crescat Capital December 31, 2018, update to investors below. We are happy to report estimates for Crescat's 2018 performance: Profit Attribution by Theme Investment Outlook Summary September 20, 2018, should mark the closing high for the S&P 500 to end the s… read more...

Crescat Capital Up 40% In 2018 On Everything Bubble Short

via: SeekingAlpha at 2019-01-01 04:45:09:000

Original Post Crescat Capital December 31, 2018, update to investors below. We are happy to report estimates for Crescat's 2018 performance: Profit Attribution by Theme Investment Outlook Summary September 20, 2018, should mark the closing high for the S&P 500 to end the s… read more...

The Wolf Street Report: December 31, 2018

via: SeekingAlpha at 2018-12-31 05:07:16:000

How the Corporate Debt Bubble Will Crush Stocks Corporate debt, after years of encouragement by the Fed via artificially low interest rates, has reached historic levels. Now even the Fed is worried about its handiwork. Many of these companies will default over the next few years. This is a c… read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2018-12-27 06:34:50:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0679 . 30-Day SEC Yield of 5.13%. VanEck Vectors CEF Municipal Income ETF (NYSEARCA: XMPT ) - $0.1066 . 30-Day SEC Yield of 4.86%. VanEck Vectors International High Yield Bond ETF (NYSEARCA: IHY ) - $0.0904 . 30… read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2018-12-27 06:34:50:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0679 . 30-Day SEC Yield of 5.13%. VanEck Vectors CEF Municipal Income ETF (NYSEARCA: XMPT ) - $0.1066 . 30-Day SEC Yield of 4.86%. VanEck Vectors International High Yield Bond ETF (NYSEARCA: IHY ) - $0.0904 . 30… read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2018-12-27 06:34:50:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0679 . 30-Day SEC Yield of 5.13%. VanEck Vectors CEF Municipal Income ETF (NYSEARCA: XMPT ) - $0.1066 . 30-Day SEC Yield of 4.86%. VanEck Vectors International High Yield Bond ETF (NYSEARCA: IHY ) - $0.0904 . 30… read more...

Announcing VanEck Vectors ETFs' December 2018 Distributions

via: Business Wire at 2018-12-26 19:12:00:000

VanEck announced today its regular distributions per share for the VanEck Vectors municipal income and income-oriented exchange-traded funds. The following dates apply to distribution declarations for the funds listed below: The majority, and possibly all, of the dividend distributio… read more...

Announcing VanEck Vectors ETFs' December 2018 Distributions

via: Business Wire at 2018-12-26 19:12:00:000

VanEck announced today its regular distributions per share for the VanEck Vectors municipal income and income-oriented exchange-traded funds. The following dates apply to distribution declarations for the funds listed below: The majority, and possibly all, of the dividend distributio… read more...

Announcing VanEck Vectors ETFs' December 2018 Distributions

via: Business Wire at 2018-12-26 19:12:00:000

VanEck announced today its regular distributions per share for the VanEck Vectors municipal income and income-oriented exchange-traded funds. The following dates apply to distribution declarations for the funds listed below: The majority, and possibly all, of the dividend distributio… read more...

Big day for high-yield

via: SeekingAlpha at 2018-12-26 17:00:53:000

With stocks melting upwards, Treasury yields rose modestly today, but junk yields fell thanks to narrowing spreads. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Invesco Senior Loan ETF, News on the U.S. economy, Stocks on the mov… read more...

High Yield Spreads Come Unhinged

via: SeekingAlpha at 2018-12-25 01:19:25:000

As equity prices have cratered in the last several trading days, one area of the market that has predictably come under selling pressure is high yield credit. The chart below shows the 50-day rate of change in spreads on high yield bonds relative to treasuries. When spreads are rising, it indi… read more...

The Wolf Street Report: December 23, 2018

via: SeekingAlpha at 2018-12-24 14:07:32:000

The Junk-Bond Market Just "Puked." Risk is getting repriced. And rather suddenly. What are the real-world consequences? And how will it impact stocks? The Fed has warned about them, and investors fear a run-on-the-fund. Read $1.3 Trillion "Leveraged Loan" Boom Comes Read… read more...

Equity Valuations Have Improved Dramatically

via: SeekingAlpha at 2018-12-24 07:41:41:000

With the price plunge which started in early October, the P/E ratio of the S&P 500 (using Bloomberg's measure, which is based on 12-month trailing earnings from continuing operations) has fallen from a high of 23.3 last January to 16.48 currently. To put this into perspective, consider tha… read more...

Will Fallen Angels Disrupt U.S. Credit Markets?

via: SeekingAlpha at 2018-12-19 20:17:44:000

By Matthew Minnetian, Susan Hutman, Gershon Distenfeld The media and some market observers are bracing for a blizzard of BBB-rated bonds to get downgraded to junk as the credit cycle turns. We expect it will be closer to a flurry. Investors are right to be concerned, of course. US corp… read more...

Will Fallen Angels Disrupt U.S. Credit Markets?

via: SeekingAlpha at 2018-12-19 20:17:44:000

By Matthew Minnetian, Susan Hutman, Gershon Distenfeld The media and some market observers are bracing for a blizzard of BBB-rated bonds to get downgraded to junk as the credit cycle turns. We expect it will be closer to a flurry. Investors are right to be concerned, of course. US corp… read more...

Will Fallen Angels Disrupt U.S. Credit Markets?

via: SeekingAlpha at 2018-12-19 20:17:44:000

By Matthew Minnetian, Susan Hutman, Gershon Distenfeld The media and some market observers are bracing for a blizzard of BBB-rated bonds to get downgraded to junk as the credit cycle turns. We expect it will be closer to a flurry. Investors are right to be concerned, of course. US corp… read more...

2019 Credit Outlook: Time To Play Defense

via: SeekingAlpha at 2018-12-19 11:03:11:000

By Collin Martin Key Points Risks are rising in the corporate fixed income markets and we suggest a more cautious stance heading into 2019. Investors should consider moving up in credit quality. Coupon income will likely be a key driver of total returns in 2019. Risks are… read more...

Would You Lend To This Man?

via: SeekingAlpha at 2018-12-12 05:59:03:000

By Andrew Mulliner, CFA, Ryan Myerberg Portfolio Managers Andrew Mulliner and Ryan Myerberg take a candid look at escalating U.S. debt and the implications for bond investors. It's All about Lifting Weights We are not really talking about lending directly to Uncle Sam here, but the she… read more...

Would You Lend To This Man?

via: SeekingAlpha at 2018-12-12 05:59:03:000

By Andrew Mulliner, CFA, Ryan Myerberg Portfolio Managers Andrew Mulliner and Ryan Myerberg take a candid look at escalating U.S. debt and the implications for bond investors. It's All about Lifting Weights We are not really talking about lending directly to Uncle Sam here, but the she… read more...

Would You Lend To This Man?

via: SeekingAlpha at 2018-12-12 05:59:03:000

By Andrew Mulliner, CFA, Ryan Myerberg Portfolio Managers Andrew Mulliner and Ryan Myerberg take a candid look at escalating U.S. debt and the implications for bond investors. It's All about Lifting Weights We are not really talking about lending directly to Uncle Sam here, but the she… read more...

2019 Market Outlook: Fixed Income

via: SeekingAlpha at 2018-12-10 13:39:42:000

By Kathy A. Jones Peak expectations The worst may be over for the bond bear market. After more than two years of steadily rising bond yields (and falling bond prices, which move inversely to yields), our research suggests that 10-year Treasury bond yields may have peaked for this tighten… read more...

U.S. junk bonds decline amid trade uncertainty, oil rebound

via: SeekingAlpha at 2018-12-10 11:28:49:000

Junk investors pulled cash from U.S. high-yield funds for three straight weeks and seven of the last 12 weeks, with Lipper reporting anoutflow of $828M last week. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse H… read more...

Back To The 1950s: Tracing Out 25 Years Of The Credit Bubble

via: SeekingAlpha at 2018-12-09 09:21:18:000

While the current cycle of declining interest rates has been running for at least 25 years, the most recent iteration of the period has been exceptionally benign. Since the end of the global financial crisis, corporate and, to a greater extent government, borrowing costs have run at the levels… read more...

JPMorgan sees latest sell-off overpricing recession risk

via: SeekingAlpha at 2018-12-07 17:18:07:000

JPMorgan Chase sees the pessimism in equity and high-yield bond markets as overdone, as it sees only a 20% to 30% chance of a recession in 2019, with an increased probability in 2020, Bloomberg reports. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays … read more...

JPMorgan sees latest sell-off overpricing recession risk

via: SeekingAlpha at 2018-12-07 17:18:07:000

JPMorgan Chase sees the pessimism in equity and high-yield bond markets as overdone, as it sees only a 20% to 30% chance of a recession in 2019, with an increased probability in 2020, Bloomberg reports. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays … read more...

Credit Selection In A Late-Cycle Environment

via: SeekingAlpha at 2018-12-06 12:08:39:000

By Rebecca Young, CFA Rebecca Young, Portfolio Manager on the Strategic Fixed Income team, shares her views on the topical issues in credit markets, explaining where she and the team see risks and opportunities. Economies do not grow evenly; there are ups and downs as an economy moves … read more...

Credit Selection In A Late-Cycle Environment

via: SeekingAlpha at 2018-12-06 12:08:39:000

By Rebecca Young, CFA Rebecca Young, Portfolio Manager on the Strategic Fixed Income team, shares her views on the topical issues in credit markets, explaining where she and the team see risks and opportunities. Economies do not grow evenly; there are ups and downs as an economy moves … read more...

Credit Selection In A Late-Cycle Environment

via: SeekingAlpha at 2018-12-06 12:08:39:000

By Rebecca Young, CFA Rebecca Young, Portfolio Manager on the Strategic Fixed Income team, shares her views on the topical issues in credit markets, explaining where she and the team see risks and opportunities. Economies do not grow evenly; there are ups and downs as an economy moves … read more...

The Rise And Fall Of 'Great Expectations'

via: SeekingAlpha at 2018-12-06 09:02:10:000

It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring of hope, it was the winter of despair. - C… read more...

The Rise And Fall Of 'Great Expectations'

via: SeekingAlpha at 2018-12-06 09:02:10:000

It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring of hope, it was the winter of despair. - C… read more...

The Rise And Fall Of 'Great Expectations'

via: SeekingAlpha at 2018-12-06 09:02:10:000

It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring of hope, it was the winter of despair. - C… read more...

How Credit Investors Can Navigate The Waves Of A Paradigm Shift

via: SeekingAlpha at 2018-12-05 08:37:03:000

By Tracy Chen, CFA, CAIA The past decade following the global financial crisis has offered a cornucopia of good returns for most credit investors, despite occasional bumps along the way including the taper tantrum, European sovereign debt crisis, and Chinas currency devaluation. … read more...

4 Things You Should Know About High-Yield Bonds

via: SeekingAlpha at 2018-12-05 04:47:44:000

By Brian J. Lavin, CFA, Senior Portfolio Manager, Head of U.S. High Yield Fixed Income The risks and rewards of high-yield bonds. And how interest rates, the energy sector and tariffs factor in. 1. Higher risks require higher yields. There are more risks in high-yield bonds compared … read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2018-12-03 12:06:51:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0807 . 30-Day SEC Yield of 5.27%. VanEck Vectors CEF Municipal Income ETF (NYSEARCA: XMPT ) - $0.0955 . 30-Day SEC Yield of 4.83%. VanEck Vectors International High Yield Bond ETF (NYSEARCA: IHY ) - $0.0908 . 30… read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2018-12-03 12:06:51:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0807 . 30-Day SEC Yield of 5.27%. VanEck Vectors CEF Municipal Income ETF (NYSEARCA: XMPT ) - $0.0955 . 30-Day SEC Yield of 4.83%. VanEck Vectors International High Yield Bond ETF (NYSEARCA: IHY ) - $0.0908 . 30… read more...

Debt Bulge Raises Stakes For U.S. Equity Investors

via: SeekingAlpha at 2018-12-03 09:11:30:000

By Frank Caruso and John Fogarty US corporate debt has surged over the past decade. As rates begin to rise from historic lows, focusing on quality companies with healthy balance sheets can help equity investors avoid danger zones. Ultra-low interest rates have fueled financial markets fo… read more...

Debt Bulge Raises Stakes For U.S. Equity Investors

via: SeekingAlpha at 2018-12-03 09:11:30:000

By Frank Caruso and John Fogarty US corporate debt has surged over the past decade. As rates begin to rise from historic lows, focusing on quality companies with healthy balance sheets can help equity investors avoid danger zones. Ultra-low interest rates have fueled financial markets fo… read more...

Rates Of Change

via: SeekingAlpha at 2018-12-03 03:27:29:000

By Joseph V. Amato, President and Chief Investment Officer - Equities Why a change of tack at the Fed and credit market volatility may be positive for equities. For all the headlines generated by the October stock market sell-off, equity investors should note that the real action, in m… read more...

Rates Of Change

via: SeekingAlpha at 2018-12-03 03:27:29:000

By Joseph V. Amato, President and Chief Investment Officer - Equities Why a change of tack at the Fed and credit market volatility may be positive for equities. For all the headlines generated by the October stock market sell-off, equity investors should note that the real action, in m… read more...

The Corporate Bond Market Is Getting Junkier

via: SeekingAlpha at 2018-12-03 00:06:39:000

No doubt that retail investors stomachs are churning from the stock markets recent gyrations. Now, Mom and Pop investors may also be overcome with indigestion from the flagging corporate bonds in their portfolios. Moodys Investors Service recently warned that an unp… read more...

The Corporate Bond Market Is Getting Junkier

via: SeekingAlpha at 2018-12-03 00:06:39:000

No doubt that retail investors stomachs are churning from the stock markets recent gyrations. Now, Mom and Pop investors may also be overcome with indigestion from the flagging corporate bonds in their portfolios. Moodys Investors Service recently warned that an unp… read more...

PM Perspectives: Searching For Income

via: SeekingAlpha at 2018-12-02 05:02:16:000

By John Lloyd In this video, Co-Head of Global Credit Research and Portfolio Manager John Lloyd discusses where investors can source income while trying to manage risk in a rising rate environment. He highlights where they see possible opportunities that may offer income while mitigating r… read more...

Announcing VanEck Vectors ETFs' November 2018 Distributions

via: Business Wire at 2018-11-30 17:25:00:000

VanEck announced today its regular distributions per share for the VanEck Vectors municipal income and income-oriented exchange-traded funds. The following dates apply to distribution declarations for the funds listed below: The majority, and possibly all, of the dividend dis… read more...

Announcing VanEck Vectors ETFs' November 2018 Distributions

via: Business Wire at 2018-11-30 17:25:00:000

VanEck announced today its regular distributions per share for the VanEck Vectors municipal income and income-oriented exchange-traded funds. The following dates apply to distribution declarations for the funds listed below: The majority, and possibly all, of the dividend dis… read more...

Zollverein

via: SeekingAlpha at 2018-11-29 10:08:09:000

"An empire founded by war has to maintain itself by war." - Montesquieu Watching with interest the evolution of the Brexit negotiations in conjunction with the tone down stance between Italy and the European Commission surrounding the budget, while waiting for the next G20 and potential US… read more...

Zollverein

via: SeekingAlpha at 2018-11-29 10:08:09:000

"An empire founded by war has to maintain itself by war." - Montesquieu Watching with interest the evolution of the Brexit negotiations in conjunction with the tone down stance between Italy and the European Commission surrounding the budget, while waiting for the next G20 and potential US… read more...

Zollverein

via: SeekingAlpha at 2018-11-29 10:08:09:000

"An empire founded by war has to maintain itself by war." - Montesquieu Watching with interest the evolution of the Brexit negotiations in conjunction with the tone down stance between Italy and the European Commission surrounding the budget, while waiting for the next G20 and potential US… read more...

PM Perspectives: Our Positive Prognosis For High Yield

via: SeekingAlpha at 2018-11-28 02:19:26:000

By Seth Meyer In this video, Portfolio Manager Seth Meyer discusses the latest in high-yield fixed income, including how the market has changed and the current health of fundamentals and technicals within the sector. He also shares some strategies he believes can help generate yield whi… read more...

This Week In Money - November 24, 2018

via: SeekingAlpha at 2018-11-25 01:48:23:000

Ross Clark Oil, Gold, Stocks, and Junk Bonds Wolf Richter Stock Market, Real Estate and Interest Rates. Peter Ingram Tax Planning, Cross Border Tax. Larry Reaugh - President & CEO of American Manganese Inc. Jim Pettit - Pre… read more...

This Week In Money - November 24, 2018

via: SeekingAlpha at 2018-11-25 01:48:23:000

Ross Clark Oil, Gold, Stocks, and Junk Bonds Wolf Richter Stock Market, Real Estate and Interest Rates. Peter Ingram Tax Planning, Cross Border Tax. Larry Reaugh - President & CEO of American Manganese Inc. Jim Pettit - Pre… read more...

This Week In Money - November 24, 2018

via: SeekingAlpha at 2018-11-25 01:48:23:000

Ross Clark Oil, Gold, Stocks, and Junk Bonds Wolf Richter Stock Market, Real Estate and Interest Rates. Peter Ingram Tax Planning, Cross Border Tax. Larry Reaugh - President & CEO of American Manganese Inc. Jim Pettit - Pre… read more...

High-yield market ponders GE as the gorilla

via: SeekingAlpha at 2018-11-21 07:48:35:000

Junk spreads continue to make new two-year highs on nearly a daily basis. Yes, financial markets overall are jittery and oil has been plunging, but there's also General Electric (NYSE: GE ). More news on: General Electric, iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barcl… read more...

High-yield market ponders GE as the gorilla

via: SeekingAlpha at 2018-11-21 07:48:35:000

Junk spreads continue to make new two-year highs on nearly a daily basis. Yes, financial markets overall are jittery and oil has been plunging, but there's also General Electric (NYSE: GE ). More news on: General Electric, iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barcl… read more...

High-yield market ponders GE as the gorilla

via: SeekingAlpha at 2018-11-21 07:48:35:000

Junk spreads continue to make new two-year highs on nearly a daily basis. Yes, financial markets overall are jittery and oil has been plunging, but there's also General Electric (NYSE: GE ). More news on: General Electric, iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barcl… read more...

High-yield market ponders GE as the gorilla

via: SeekingAlpha at 2018-11-21 07:48:35:000

Junk spreads continue to make new two-year highs on nearly a daily basis. Yes, financial markets overall are jittery and oil has been plunging, but there's also General Electric (NYSE: GE ). More news on: General Electric, iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barcl… read more...

The House Of Pain

via: SeekingAlpha at 2018-11-20 09:04:29:000

I don't care which sector you are in. I don't care which asset class is your priority. With the bare exception, lately, of Treasuries, we are in the House of Pain. In the last 60 days the DJIA is down 8.7%. The [[QQQ]], the largest of the ETFs representing the FAANG stocks, is down 13.0% and… read more...

Corporate Treasuries Have Chosen A Life That Does Not Have A Future

via: SeekingAlpha at 2018-11-18 14:25:17:000

This week's note will begin by reiterating our bullish theme on the Natural Gas market. We have been clamoring for weeks about both the technical and fundamental backdrop that continues to underpin this Bull Run. We have highlighted supply constraints as well as the fact that nobody seems to… read more...

Corporate Treasuries Have Chosen A Life That Does Not Have A Future

via: SeekingAlpha at 2018-11-18 14:25:17:000

This week's note will begin by reiterating our bullish theme on the Natural Gas market. We have been clamoring for weeks about both the technical and fundamental backdrop that continues to underpin this Bull Run. We have highlighted supply constraints as well as the fact that nobody seems to… read more...

VanEck Announces Preliminary Yearend Distribution Estimates for VanEck Vectors Income ETFs

via: Business Wire at 2018-11-16 17:53:00:000

VanEck announced today preliminary yearend distribution estimates for its VanEck Vectors income exchange-traded funds. Please note that these yearend estimates were made as of October 31, 2018 based upon the best information available and may be subject to significant change base… read more...

VanEck Announces Preliminary Yearend Distribution Estimates for VanEck Vectors Income ETFs

via: Business Wire at 2018-11-16 17:53:00:000

VanEck announced today preliminary yearend distribution estimates for its VanEck Vectors income exchange-traded funds. Please note that these yearend estimates were made as of October 31, 2018 based upon the best information available and may be subject to significant change base… read more...

Credit Markets: To BBB Or Not To BBB?

via: SeekingAlpha at 2018-11-15 13:55:39:000

Financial media and investors have been focusing on the BBB segment of the U.S. investment grade ((IG)) corporate bond market this year. At $3.1 trillion in market capitalization (nearly quadrupled from a decade ago), BBBs constitute nearly half of the investment grade corporate universe, acco… read more...

Credit Markets: To BBB Or Not To BBB?

via: SeekingAlpha at 2018-11-15 13:55:39:000

Financial media and investors have been focusing on the BBB segment of the U.S. investment grade ((IG)) corporate bond market this year. At $3.1 trillion in market capitalization (nearly quadrupled from a decade ago), BBBs constitute nearly half of the investment grade corporate universe, acco… read more...

Credit Markets: To BBB Or Not To BBB?

via: SeekingAlpha at 2018-11-15 13:55:39:000

Financial media and investors have been focusing on the BBB segment of the U.S. investment grade ((IG)) corporate bond market this year. At $3.1 trillion in market capitalization (nearly quadrupled from a decade ago), BBBs constitute nearly half of the investment grade corporate universe, acco… read more...

Gundlach: U.S. High Yield Spread Heading Into Recession

via: SeekingAlpha at 2018-11-14 02:05:00:000

Original Post Jeffrey Gundlach's DoubleLine Asset Allocation webcast for the month of November 2018, discussing the U.S. high yield spread heading into recession. TAB I - Global Overview G4 Central Banks' Balance Sheets Fed = Federal Reserve, BOJ = Bank of Japan, ECB = European C… read more...

Macro Speculations: The Winter Is Coming... Or Is It Already Here?

via: SeekingAlpha at 2018-11-14 01:15:26:000

Presently, the main doubt tormenting me is whether we are already in a long-term bear market or not. Everybody seems to hold the view that we are still some time away from it, and this is, precisely, what worries me. One of the most interesting facts about economic recessions and bear mark… read more...

Recent Data Suggest What Could Be The Last Nail In This Bull's Coffin

via: SeekingAlpha at 2018-11-13 09:57:05:000

All good things come to an end, even economic growth cycles. The present one is getting long in the tooth. While it doesnt have to end now, it will eventually end. And signs suggest we are coming to that point. Theres no doubtnone, zero, zipthis will happen…. read more...

Corporate Debt Might Not Be The Spark But Can Easily Be The Accelerator

via: SeekingAlpha at 2018-11-04 14:18:14:000

Background A few months ago, I wrote about the The Fed Dilemma . I have since then discussed the various points in more details. The last financial crisis was primarily caused by high leverage among households and financial institutions. Banks have deleveraged significantly since then and t… read more...

Corporate Debt Might Not Be The Spark But Can Easily Be The Accelerator

via: SeekingAlpha at 2018-11-04 14:18:14:000

Background A few months ago, I wrote about the The Fed Dilemma . I have since then discussed the various points in more details. The last financial crisis was primarily caused by high leverage among households and financial institutions. Banks have deleveraged significantly since then and t… read more...

Corporate Debt Might Not Be The Spark But Can Easily Be The Accelerator

via: SeekingAlpha at 2018-11-04 14:18:14:000

Background A few months ago, I wrote about the The Fed Dilemma . I have since then discussed the various points in more details. The last financial crisis was primarily caused by high leverage among households and financial institutions. Banks have deleveraged significantly since then and t… read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2018-11-01 12:23:06:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0831 . 30-Day SEC Yield of 5.25%. VanEck Vectors CEF Municipal Income ETF (NYSEARCA: XMPT ) - $0.0983 . 30-Day SEC Yield of 4.93%. VanEck Vectors International High Yield Bond ETF (NYSEARCA: IHY ) - $0.1134 . 30… read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2018-11-01 12:23:06:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0831 . 30-Day SEC Yield of 5.25%. VanEck Vectors CEF Municipal Income ETF (NYSEARCA: XMPT ) - $0.0983 . 30-Day SEC Yield of 4.93%. VanEck Vectors International High Yield Bond ETF (NYSEARCA: IHY ) - $0.1134 . 30… read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2018-11-01 12:23:06:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0831 . 30-Day SEC Yield of 5.25%. VanEck Vectors CEF Municipal Income ETF (NYSEARCA: XMPT ) - $0.0983 . 30-Day SEC Yield of 4.93%. VanEck Vectors International High Yield Bond ETF (NYSEARCA: IHY ) - $0.1134 . 30… read more...

Announcing VanEck Vectors ETFs' October 2018 Distributions

via: Business Wire at 2018-10-31 18:10:00:000

VanEck announced today its regular distributions per share for the VanEck Vectors municipal income and income-oriented exchange-traded funds. The following dates apply to distribution declarations for the funds listed below: The majority, and possibly all, of the dividend dis… read more...

Corporate debt levels and default rates diverge

via: SeekingAlpha at 2018-10-31 08:40:12:000

Making the rounds today is this chart showing the level of U.S. corporate debt as a percentage of GDP vs. the high yield default rate. To not much surprise, the two have tended to move in concert over the last 40 years. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bl… read more...

Junk Bonds Still 'A-Okay'

via: SeekingAlpha at 2018-10-31 03:16:20:000

In the last five years, every time the stock market weakened by a similar magnitude as we saw this October, there was notable junk bond credit-spread widening. Even if one goes back further in time and looks at all sell-offs in this bull market that started in March 2009, one would see that se… read more...

The Capital Pain Of Reaching For Marginally Higher Yields

via: SeekingAlpha at 2018-10-29 12:00:38:000

Reaching for marginally more yield in corporate debt and equities, while taking on much higher capital risk, is dumb money management. And yet, it continues to be the consensus financial recommendation. Today, because BAA-corporate bonds have been indiscriminately bought at high prices, thei… read more...

The Capital Pain Of Reaching For Marginally Higher Yields

via: SeekingAlpha at 2018-10-29 12:00:38:000

Reaching for marginally more yield in corporate debt and equities, while taking on much higher capital risk, is dumb money management. And yet, it continues to be the consensus financial recommendation. Today, because BAA-corporate bonds have been indiscriminately bought at high prices, thei… read more...

Active Bond Management: Adding Value In A Shifting Market

via: SeekingAlpha at 2018-10-28 09:38:11:000

By Ashok K. Bhatia, CFA There are a variety of factors that suggest an active approach to fixed income is a preferred option, which may become even more evident as policy normalization continues and the long-lived credit cycle eventually returns. Given the surging popularity of passive… read more...

Is The October Selloff Really 'The Big One'?

via: SeekingAlpha at 2018-10-27 13:02:54:000

Back on October 11, when U.S. stocks were careening lower for a second consecutive day in a dubious encore to the previous session's systematic rout, BofAML's Michael Hartnett noted that the bank's Global Breadth Rule had triggered a buy signal. "89% of MSCI country equity indices are below … read more...

Global Credit Economic Summary And Outlook Q3 2018

via: SeekingAlpha at 2018-10-27 01:49:17:000

Domestic Summary The economy continued to expand at an above-trend rate in the third quarter of 2018, following the seasonally adjusted annual rate of growth of 4.2% reported for the second quarter. According to the Federal Reserve Bank of Atlantas GDPNow estimate (as of Oc… read more...

Tracking HY Defaults In 2018: What's In Your Index?

via: SeekingAlpha at 2018-10-26 09:24:51:000

By Bradley Krom, Associate Director of Research and Josh Shapiro, CFA, Quantitative Strategist Amid the recent sell-off in risky assets, many investors are wondering if this is a momentary blip or the beginning of a more protracted slowdown. While some seem content to hold (or even add to)… read more...

The Most Bullish Sign In An Otherwise Bearish Market

via: SeekingAlpha at 2018-10-25 14:24:29:000

The Most Bullish Sign In An Otherwise Bearish Market There has been a minimal amount of good news in the equity market over the past few weeks. The S&P 500 is down over 8% this month alone with other sectors such as Regional Banks ( KRE ) and Housing ( ITB ) falling 10.3% and 7.4% in the… read more...

Junk Bonds Say It's Too Early To Fret

via: SeekingAlpha at 2018-10-24 01:22:11:000

Because of the below-normal volatility in stocks over the past five years, save for sharp corrections that were few and far between, the recent sell-off in the S&P 500 from 2940 to 2710 has generated the usual worried calls from clients wondering if "the top is in." My answer is that it wo… read more...

Junk bonds outpace S&P 500 this half on a solid October

via: SeekingAlpha at 2018-10-23 10:11:22:000

While it's been a harsh month for stocks, junk bonds are outpacing the S&P 500 this half, Bloomberg First Word reports. More news on: Netflix, Inc., Uber, iShares iBoxx $ High Yield Corporate Bond ETF, Financial stocks news, News on ETFs, Read more … read more...

Taxable Fixed Income 3rd Quarter 2018 Review And Outlook

via: SeekingAlpha at 2018-10-23 03:15:00:000

During the third quarter, stronger than expected growth and falling unemployment coincided with positive market returns for both stock and bond investors. In this commentary, Brian Meaney, CFA reviews the third quarter of 2018 and examines the Fixed Income Investment Teams outlook fo… read more...

Market Clings To Support

via: SeekingAlpha at 2018-10-21 07:27:42:000

Over the last couple of weeks, as interest rates surged above 3%, we explored the question of whether something had " just broken" in the market. Did Something Just Break? 10-05-18 Yes, Something Just Broke 10-12-18 This is an important question given the current stance by t… read more...

Market Clings To Support

via: SeekingAlpha at 2018-10-21 07:27:42:000

Over the last couple of weeks, as interest rates surged above 3%, we explored the question of whether something had " just broken" in the market. Did Something Just Break? 10-05-18 Yes, Something Just Broke 10-12-18 This is an important question given the current stance by t… read more...

Credit Spreads And The Stock Market

via: SeekingAlpha at 2018-10-17 07:24:12:000

Editor's note: Originally published at tsi-blog.com on October 16, 2018. This post was prompted by a recent article authored by the always thought-provoking Pater Tenebrarum (a pseudonym) at acting-man.com. The article looks at the relationship between credit spreads and the stock … read more...

Credit Spreads And The Stock Market

via: SeekingAlpha at 2018-10-17 07:24:12:000

Editor's note: Originally published at tsi-blog.com on October 16, 2018. This post was prompted by a recent article authored by the always thought-provoking Pater Tenebrarum (a pseudonym) at acting-man.com. The article looks at the relationship between credit spreads and the stock … read more...

Credit Spreads And The Stock Market

via: SeekingAlpha at 2018-10-17 07:24:12:000

Editor's note: Originally published at tsi-blog.com on October 16, 2018. This post was prompted by a recent article authored by the always thought-provoking Pater Tenebrarum (a pseudonym) at acting-man.com. The article looks at the relationship between credit spreads and the stock … read more...

Are Credit Spreads Still A Leading Indicator For The Stock Market?

via: SeekingAlpha at 2018-10-15 03:26:52:000

By Pater Tenebrarum A Well-Established Tradition Seemingly out of the blue, equities suffered a few bad hair days recently. As regular readers know, we have long argued that one should expect corrections in the form of mini-crashes to strike with very little advance warning, due to iss… read more...

Are Credit Spreads Still A Leading Indicator For The Stock Market?

via: SeekingAlpha at 2018-10-15 03:26:52:000

By Pater Tenebrarum A Well-Established Tradition Seemingly out of the blue, equities suffered a few bad hair days recently. As regular readers know, we have long argued that one should expect corrections in the form of mini-crashes to strike with very little advance warning, due to iss… read more...

Why Lower Rates On Treasury Bonds Won't Be Good For Stocks

via: SeekingAlpha at 2018-10-12 11:16:42:000

I want to share a point of view about what's moving the markets that pushes back on a point of view reflected in a post Thursday after the close by a Seeking Alpha editor. The point made was that: A drop in bond yields today offered some relief for stock traders, who have been cautious … read more...

Why Lower Rates On Treasury Bonds Won't Be Good For Stocks

via: SeekingAlpha at 2018-10-12 11:16:42:000

I want to share a point of view about what's moving the markets that pushes back on a point of view reflected in a post Thursday after the close by a Seeking Alpha editor. The point made was that: A drop in bond yields today offered some relief for stock traders, who have been cautious … read more...

Why Lower Rates On Treasury Bonds Won't Be Good For Stocks

via: SeekingAlpha at 2018-10-12 11:16:42:000

I want to share a point of view about what's moving the markets that pushes back on a point of view reflected in a post Thursday after the close by a Seeking Alpha editor. The point made was that: A drop in bond yields today offered some relief for stock traders, who have been cautious … read more...

Junk bond investors pull cash as yield hits two-year peak

via: SeekingAlpha at 2018-10-11 08:49:59:000

High-yield investors took back $5.36B from Oct. 4 to Oct. 9, the most since February and the fourth largest ever, JPMorgan wrote, citing Lippert. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond Fund, Fi… read more...

Junk bond investors move more cash into funds despite bond slump

via: SeekingAlpha at 2018-10-05 08:28:47:000

Paying little heed to falling stock and bond markets, junk bond investors are putting more cash into retail funds. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond Fund, Financial stocks news, News on ET… read more...

Junk bond investors move more cash into funds despite bond slump

via: SeekingAlpha at 2018-10-05 08:28:47:000

Paying little heed to falling stock and bond markets, junk bond investors are putting more cash into retail funds. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond Fund, Financial stocks news, News on ET… read more...

Junk bond investors move more cash into funds despite bond slump

via: SeekingAlpha at 2018-10-05 08:28:47:000

Paying little heed to falling stock and bond markets, junk bond investors are putting more cash into retail funds. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond Fund, Financial stocks news, News on ET… read more...

Junk bond investors move more cash into funds despite bond slump

via: SeekingAlpha at 2018-10-05 08:28:47:000

Paying little heed to falling stock and bond markets, junk bond investors are putting more cash into retail funds. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond Fund, Financial stocks news, News on ET… read more...

Junk bond investors move more cash into funds despite bond slump

via: SeekingAlpha at 2018-10-05 08:28:47:000

Paying little heed to falling stock and bond markets, junk bond investors are putting more cash into retail funds. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond Fund, Financial stocks news, News on ET… read more...

Junk bond ETF's September outflow signals investor anxiety: WSJ

via: SeekingAlpha at 2018-10-04 10:19:30:000

investors pulled more than $2B from the iShares iBoxx $ High Yield Corporate Bond Exchange-Traded Fund ( HYG -0.3% ) last month, the most in a single month since May 2016, the Wall Street Journal reports. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomber… read more...

Chart Of The Week: Fed Vs. Credit

via: SeekingAlpha at 2018-10-04 03:51:42:000

This week it's two very topical developments on the one chart. The Fed has delivered yet another rate hike and shows no signs of slowing down, and importantly - high yield credit spreads have moved to new post-crisis lows. The chart comes from a report on the Fed and markets , in which … read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2018-10-01 12:22:46:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0802 . 30-Day SEC Yield of 5.13%. VanEck Vectors CEF Municipal Income ETF (NYSEARCA: XMPT ) - $0.0971 . 30-Day SEC Yield of 4.69%. VanEck Vectors International High Yield Bond ETF (NYSEARCA: IHY ) - $0.0953 . 30… read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2018-10-01 12:22:46:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0802 . 30-Day SEC Yield of 5.13%. VanEck Vectors CEF Municipal Income ETF (NYSEARCA: XMPT ) - $0.0971 . 30-Day SEC Yield of 4.69%. VanEck Vectors International High Yield Bond ETF (NYSEARCA: IHY ) - $0.0953 . 30… read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2018-10-01 12:22:46:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0802 . 30-Day SEC Yield of 5.13%. VanEck Vectors CEF Municipal Income ETF (NYSEARCA: XMPT ) - $0.0971 . 30-Day SEC Yield of 4.69%. VanEck Vectors International High Yield Bond ETF (NYSEARCA: IHY ) - $0.0953 . 30… read more...

Short-Term High Yield: The Road Less Traveled

via: SeekingAlpha at 2018-09-29 04:48:28:000

By Christian Brobst As interest rates normalize, investors are revisiting their asset allocations - and especially their fixed income positions. When it comes to fixed income, many investors may not appreciate the breadth in the asset class and the potential opportunities this diversity pr… read more...

Short-Term High Yield: The Road Less Traveled

via: SeekingAlpha at 2018-09-29 04:48:28:000

By Christian Brobst As interest rates normalize, investors are revisiting their asset allocations - and especially their fixed income positions. When it comes to fixed income, many investors may not appreciate the breadth in the asset class and the potential opportunities this diversity pr… read more...

Announcing VanEck Vectors ETFs' September 2018 Distributions

via: Business Wire at 2018-09-28 17:53:00:000

VanEck announced today its regular distributions per share for the VanEck Vectors municipal income and income-oriented exchange-traded funds. The following dates apply to distribution declarations for the funds listed below: The majority, and possibly all, of the dividend dis… read more...

Riskiest of junk bonds on pace for three-year winning streak

via: SeekingAlpha at 2018-09-28 11:49:36:000

U.S. bonds rated CCC or lower are outperforming higher-rated debt with a 1% total return month-to-date, according to ICE bond index data; year-to-date return is 5.8%. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suis… read more...

Energy company bonds rally as firms capitalize on rising oil prices

via: SeekingAlpha at 2018-09-27 18:49:22:000

Chesapeake Energys (NYSE: CHK ) issue of new bonds yesterday were the most actively traded corporate bonds in the U.S. , an example of the comeback in debt issued by oil and gas companies this year. More news on: Chesapeake Energy Corporation, iShares iBoxx $ High Yield Corporate … read more...

Moving Up In Credit Quality For Better Durability

via: SeekingAlpha at 2018-09-22 13:15:04:000

By Reema Agarwal, CFA, Vice President, Director of Research, Floating Rate Debt Group, Franklin Templeton Fixed Income Group; Glenn Voyles, Senior Vice President, Director of Portfolio Management, Corporate Bonds, Franklin Templeton Fixed Income Group; Marc Kremer, CFA, Vice President, Portfo… read more...

Moving Up In Credit Quality For Better Durability

via: SeekingAlpha at 2018-09-22 13:15:04:000

By Reema Agarwal, CFA, Vice President, Director of Research, Floating Rate Debt Group, Franklin Templeton Fixed Income Group; Glenn Voyles, Senior Vice President, Director of Portfolio Management, Corporate Bonds, Franklin Templeton Fixed Income Group; Marc Kremer, CFA, Vice President, Portfo… read more...

Moving Up In Credit Quality For Better Durability

via: SeekingAlpha at 2018-09-22 13:15:04:000

By Reema Agarwal, CFA, Vice President, Director of Research, Floating Rate Debt Group, Franklin Templeton Fixed Income Group; Glenn Voyles, Senior Vice President, Director of Portfolio Management, Corporate Bonds, Franklin Templeton Fixed Income Group; Marc Kremer, CFA, Vice President, Portfo… read more...

Moving Up In Credit Quality For Better Durability

via: SeekingAlpha at 2018-09-22 13:15:04:000

By Reema Agarwal, CFA, Vice President, Director of Research, Floating Rate Debt Group, Franklin Templeton Fixed Income Group; Glenn Voyles, Senior Vice President, Director of Portfolio Management, Corporate Bonds, Franklin Templeton Fixed Income Group; Marc Kremer, CFA, Vice President, Portfo… read more...

Don't Buy Another Bond Fund Until You See This Chart

via: SeekingAlpha at 2018-09-17 03:45:21:000

By Anthony Summers Junk bonds… We've all been taught to avoid them. Common opinion suggests junk bonds are loaded with too much risk. But has the "junk" moniker turned conservative investors away from otherwise good investment opportunities? The truth is much of today's junk bon... read more...

Don't Buy Another Bond Fund Until You See This Chart

via: SeekingAlpha at 2018-09-17 03:45:21:000

By Anthony Summers Junk bonds… We've all been taught to avoid them. Common opinion suggests junk bonds are loaded with too much risk. But has the "junk" moniker turned conservative investors away from otherwise good investment opportunities? The truth is much of today's junk bon... read more...

Don't Buy Another Bond Fund Until You See This Chart

via: SeekingAlpha at 2018-09-17 03:45:21:000

By Anthony Summers Junk bonds… We've all been taught to avoid them. Common opinion suggests junk bonds are loaded with too much risk. But has the "junk" moniker turned conservative investors away from otherwise good investment opportunities? The truth is much of today's junk bon... read more...

Where Are We In The U.S. Credit Cycle?

via: SeekingAlpha at 2018-09-14 01:58:18:000

Even as the Federal Reserve seems intent on raising interest rates, some investors are turning to U.S. high-yield bonds. So just where are we in the credit cycle and is the yield in high yield bonds properly compensating investors for risks? Kim Parlee speaks with Greg Kocik, Managing Dir… read more...

Where Are We In The U.S. Credit Cycle?

via: SeekingAlpha at 2018-09-14 01:58:18:000

Even as the Federal Reserve seems intent on raising interest rates, some investors are turning to U.S. high-yield bonds. So just where are we in the credit cycle and is the yield in high yield bonds properly compensating investors for risks? Kim Parlee speaks with Greg Kocik, Managing Dir… read more...

Where Are We In The U.S. Credit Cycle?

via: SeekingAlpha at 2018-09-14 01:58:18:000

Even as the Federal Reserve seems intent on raising interest rates, some investors are turning to U.S. high-yield bonds. So just where are we in the credit cycle and is the yield in high yield bonds properly compensating investors for risks? Kim Parlee speaks with Greg Kocik, Managing Dir… read more...

Is The Corporate Bond Market Overheating? Look At The Lenders

via: SeekingAlpha at 2018-09-13 06:00:02:000

Recently, a growing number of investors and market commentators have been advocating for caution in credit lending - rightfully so, in my opinion. However, despite the publicity this has received in the press, it appears that little has actually been done to clamp down on aggressive lending. P… read more...

Is It Time To Start Taking Profits In Junk Bonds?

via: SeekingAlpha at 2018-09-13 02:26:27:000

The Federal Reserve is expected to raise interest rates again later this month, but if that's another signal that headwinds are building for fixed-income securities, the warning isn't resonating in the junk bond market these days. The crowd's appetite for below-investment-grade US debt remai… read more...

VanEck Lowers Expense Ratio on VanEck Vectors Green Bond ETF (GRNB)

via: Business Wire at 2018-09-07 10:13:00:000

VanEck announced today that it has lowered the expense ratio on VanEck Vectors Green Bond ETF (GRNB ) . Effective September 1, the expense cap for GRNB was reduced from 0.40% to 0.30%. 1 GRNB is the first and only U.S.-listed ETF providing targeted exposure to the fast-growi… read more...

VanEck Lowers Expense Ratio on VanEck Vectors Green Bond ETF (GRNB)

via: Business Wire at 2018-09-07 10:13:00:000

VanEck announced today that it has lowered the expense ratio on VanEck Vectors Green Bond ETF (GRNB ) . Effective September 1, the expense cap for GRNB was reduced from 0.40% to 0.30%. 1 GRNB is the first and only U.S.-listed ETF providing targeted exposure to the fast-growi… read more...

VanEck Lowers Expense Ratio on VanEck Vectors Green Bond ETF (GRNB)

via: Business Wire at 2018-09-07 10:13:00:000

VanEck announced today that it has lowered the expense ratio on VanEck Vectors Green Bond ETF (GRNB ) . Effective September 1, the expense cap for GRNB was reduced from 0.40% to 0.30%. 1 GRNB is the first and only U.S.-listed ETF providing targeted exposure to the fast-growi… read more...

VanEck Lowers Expense Ratio on VanEck Vectors Green Bond ETF (GRNB)

via: Business Wire at 2018-09-07 10:13:00:000

VanEck announced today that it has lowered the expense ratio on VanEck Vectors Green Bond ETF (GRNB ) . Effective September 1, the expense cap for GRNB was reduced from 0.40% to 0.30%. 1 GRNB is the first and only U.S.-listed ETF providing targeted exposure to the fast-growi… read more...

VanEck Lowers Expense Ratio on VanEck Vectors Green Bond ETF (GRNB)

via: Business Wire at 2018-09-07 10:13:00:000

VanEck announced today that it has lowered the expense ratio on VanEck Vectors Green Bond ETF (GRNB ) . Effective September 1, the expense cap for GRNB was reduced from 0.40% to 0.30%. 1 GRNB is the first and only U.S.-listed ETF providing targeted exposure to the fast-growi… read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2018-09-04 07:57:36:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0811 . 30-Day Sec yield 5.12%. VanEck Vectors CEF Municipal Income ETF (NYSEARCA: XMPT ) - $0.0974 . 30-Day Sec yield 4.63%. VanEck Vectors International High Yield Bond ETF (NYSEARCA: IHY ) - $0.0925 . 30-Day S… read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2018-09-04 07:57:36:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0811 . 30-Day Sec yield 5.12%. VanEck Vectors CEF Municipal Income ETF (NYSEARCA: XMPT ) - $0.0974 . 30-Day Sec yield 4.63%. VanEck Vectors International High Yield Bond ETF (NYSEARCA: IHY ) - $0.0925 . 30-Day S… read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2018-09-04 07:57:36:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0811 . 30-Day Sec yield 5.12%. VanEck Vectors CEF Municipal Income ETF (NYSEARCA: XMPT ) - $0.0974 . 30-Day Sec yield 4.63%. VanEck Vectors International High Yield Bond ETF (NYSEARCA: IHY ) - $0.0925 . 30-Day S… read more...

Announcing VanEck Vectors ETFs' August 2018 Distributions

via: Business Wire at 2018-08-31 18:48:00:000

VanEck announced today its regular distributions per share for the VanEck Vectors municipal income and income-oriented exchange-traded funds. The following dates apply to distribution declarations for the funds listed below: The majority, and possibly all, of the dividend dis… read more...

Announcing VanEck Vectors ETFs' August 2018 Distributions

via: Business Wire at 2018-08-31 18:48:00:000

VanEck announced today its regular distributions per share for the VanEck Vectors municipal income and income-oriented exchange-traded funds. The following dates apply to distribution declarations for the funds listed below: The majority, and possibly all, of the dividend dis… read more...

Announcing VanEck Vectors ETFs' August 2018 Distributions

via: Business Wire at 2018-08-31 18:48:00:000

VanEck announced today its regular distributions per share for the VanEck Vectors municipal income and income-oriented exchange-traded funds. The following dates apply to distribution declarations for the funds listed below: The majority, and possibly all, of the dividend dis… read more...

Announcing VanEck Vectors ETFs' August 2018 Distributions

via: Business Wire at 2018-08-31 18:48:00:000

VanEck announced today its regular distributions per share for the VanEck Vectors municipal income and income-oriented exchange-traded funds. The following dates apply to distribution declarations for the funds listed below: The majority, and possibly all, of the dividend dis… read more...

Poker Tilt

via: SeekingAlpha at 2018-08-29 07:26:21:000

"If you're playing a poker game and you look around the table and can't tell who the sucker is, it's you." - Paul Newman Looking at the tentative rebound in gold prices thanks to the fall of the US dollar on conjunction with some respite for some selected Emerging Markets ((EM)) as well as… read more...

Poker Tilt

via: SeekingAlpha at 2018-08-29 07:26:21:000

"If you're playing a poker game and you look around the table and can't tell who the sucker is, it's you." - Paul Newman Looking at the tentative rebound in gold prices thanks to the fall of the US dollar on conjunction with some respite for some selected Emerging Markets ((EM)) as well as… read more...

Poker Tilt

via: SeekingAlpha at 2018-08-29 07:26:21:000

"If you're playing a poker game and you look around the table and can't tell who the sucker is, it's you." - Paul Newman Looking at the tentative rebound in gold prices thanks to the fall of the US dollar on conjunction with some respite for some selected Emerging Markets ((EM)) as well as… read more...

The Flattening To Focus On

via: SeekingAlpha at 2018-08-28 02:36:38:000

The flattening Treasury yield curve is getting a lot of attention, but there's another flattening that is arguably of greater importance: the narrowing return gap between low- and high-risk assets. Jeff explains. The only thing more persistent than the flattening yield curve between two-ye… read more...

Reading The Signs: Investment Grade Bonds Present Warning And Opportunity

via: SeekingAlpha at 2018-08-21 06:29:23:000

By Gershon Distenfeld US investment grade corporate bonds look cheaper today than their lower-quality counterparts in the high yield market. Is this the buying opportunity of a lifetime? Not exactly. A closer look reveals there's actually method to the madness. Both investment grade and … read more...

Reading The Signs: Investment Grade Bonds Present Warning And Opportunity

via: SeekingAlpha at 2018-08-21 06:29:23:000

By Gershon Distenfeld US investment grade corporate bonds look cheaper today than their lower-quality counterparts in the high yield market. Is this the buying opportunity of a lifetime? Not exactly. A closer look reveals there's actually method to the madness. Both investment grade and … read more...

Reading The Signs: Investment Grade Bonds Present Warning And Opportunity

via: SeekingAlpha at 2018-08-21 06:29:23:000

By Gershon Distenfeld US investment grade corporate bonds look cheaper today than their lower-quality counterparts in the high yield market. Is this the buying opportunity of a lifetime? Not exactly. A closer look reveals there's actually method to the madness. Both investment grade and … read more...

Interview Chart Book: The Markets Are Waving A Huge Red Flag

via: SeekingAlpha at 2018-08-20 11:41:04:000

Last week, I spent some time with Chris Martenson of Peak Prosperity discussing a variety of issues ranging from the stock market to the economy to the debt. As you listen to the embedded interview, I have included the relevant charts to support the points I was making. I have edited down … read more...

Hypertonic Surroundings

via: SeekingAlpha at 2018-08-20 07:18:02:000

"The advancement and diffusion of knowledge is the only guardian of true liberty." - James Madison Watching with interest the numerous convolutions in Emerging Markets, with gold taking the proverbial sucker punches thanks to the bloody rampage of " Mack the Knife " (King Dollar + positive… read more...

Watch The Leverage!

via: SeekingAlpha at 2018-08-15 07:33:20:000

By Julie Hammond, CFA "We're transitioning into a very delicate and challenging time for fixed-income investing," Anne Walsh, CFA, told the audience at the 63rd Annual Financial Analysts Seminar in Chicago. As chief investment officer of fixed income at Guggenheim Partners, Walsh is mo… read more...

Watch The Leverage!

via: SeekingAlpha at 2018-08-15 07:33:20:000

By Julie Hammond, CFA "We're transitioning into a very delicate and challenging time for fixed-income investing," Anne Walsh, CFA, told the audience at the 63rd Annual Financial Analysts Seminar in Chicago. As chief investment officer of fixed income at Guggenheim Partners, Walsh is mo… read more...

Watch The Leverage!

via: SeekingAlpha at 2018-08-15 07:33:20:000

By Julie Hammond, CFA "We're transitioning into a very delicate and challenging time for fixed-income investing," Anne Walsh, CFA, told the audience at the 63rd Annual Financial Analysts Seminar in Chicago. As chief investment officer of fixed income at Guggenheim Partners, Walsh is mo… read more...

BBBs: Beyond The Headlines

via: SeekingAlpha at 2018-08-14 08:31:05:000

By David M. Brown, CFA, Co-Head of Global Investment Grade Fixed Income, Stephen J. Flaherty, CFA, Director of Research, Global Investment Grade Credit, Christopher M. Oshewolo, CFA, Senior Research Analyst, Global Investment Grade Credit, and Kristin C. Cejda, Senior Research Analyst, Global… read more...

No Convergence - The Spread Between U.S. Treasuries And Bunds Continues To Widen

via: SeekingAlpha at 2018-08-14 05:59:23:000

The famous investor Bill Gross has suffered losses in recent months in his Janus Henderson Global Unconstrained Bond Fund. The prime reason behind these losses is the bet his fund made over the growing spread between U.S. Treasuries and German bunds; this spread for the 10-year bond… read more...

High Yield Municipal Bonds: The Only Game In Town

via: SeekingAlpha at 2018-08-10 07:34:27:000

The persistent clamor from investors seeking opportunity and direction this summer is set to become even louder. August is expected to bring with it an estimated (and significant) $51 billion in potential reinvestment demand from municipal bond holders. This means the supply/demand imbalance, … read more...

High Yield Municipal Bonds: The Only Game In Town

via: SeekingAlpha at 2018-08-10 07:34:27:000

The persistent clamor from investors seeking opportunity and direction this summer is set to become even louder. August is expected to bring with it an estimated (and significant) $51 billion in potential reinvestment demand from municipal bond holders. This means the supply/demand imbalance, … read more...

High Yield Municipal Bonds: The Only Game In Town

via: SeekingAlpha at 2018-08-10 07:34:27:000

The persistent clamor from investors seeking opportunity and direction this summer is set to become even louder. August is expected to bring with it an estimated (and significant) $51 billion in potential reinvestment demand from municipal bond holders. This means the supply/demand imbalance, … read more...

High Yield Municipal Bonds: The Only Game In Town

via: SeekingAlpha at 2018-08-10 07:34:27:000

The persistent clamor from investors seeking opportunity and direction this summer is set to become even louder. August is expected to bring with it an estimated (and significant) $51 billion in potential reinvestment demand from municipal bond holders. This means the supply/demand imbalance, … read more...

Dissymmetry Of Lift

via: SeekingAlpha at 2018-08-02 08:25:43:000

"Risk is trying to control something you are powerless over." - Eric Clapton Watching with interest the latest US GDP rising at an annual rate of 4.1 percent in the second quarter of 2018 while seeing Europe decelerating, with France kissing goodbye to its 2% annual growth target, when it … read more...

Dissymmetry Of Lift

via: SeekingAlpha at 2018-08-02 08:25:43:000

"Risk is trying to control something you are powerless over." - Eric Clapton Watching with interest the latest US GDP rising at an annual rate of 4.1 percent in the second quarter of 2018 while seeing Europe decelerating, with France kissing goodbye to its 2% annual growth target, when it … read more...

Dissymmetry Of Lift

via: SeekingAlpha at 2018-08-02 08:25:43:000

"Risk is trying to control something you are powerless over." - Eric Clapton Watching with interest the latest US GDP rising at an annual rate of 4.1 percent in the second quarter of 2018 while seeing Europe decelerating, with France kissing goodbye to its 2% annual growth target, when it … read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2018-08-01 12:31:11:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.1042 . 30-Day Sec yield 4.67%. VanEck Vectors CEF Municipal Income ETF (NYSEARCA: XMPT ) - $0.0987 . 30-Day Sec yield 4.67%. VanEck Vectors International High Yield Bond ETF (NYSEARCA: IHY ) - $0.0944 . 30-Day S… read more...

Announcing VanEck Vectors ETFs' July 2018 Distributions

via: Business Wire at 2018-07-31 17:49:00:000

VanEck announced today its regular distributions per share for the VanEck Vectors municipal income and income-oriented exchange-traded funds. The following dates apply to distribution declarations for the funds listed below: The majority, and possibly all, of the dividend dis… read more...

Taxable Fixed Income Q2 2018 Review And Outlook

via: SeekingAlpha at 2018-07-31 07:00:39:000

Read more … read more...

Chart Of The Week: Japanese 10-Year Bond Yield To Go To 1%?

via: SeekingAlpha at 2018-07-31 01:27:24:000

As the Bank of Japan comes into focus - making tweaks to its stimulus program, it's worth paying attention to some of the key macro trends underway in this sometimes forgotten economy. Indeed, Japan may turn out to matter more than you think for global markets. The chart of the week comes … read more...

RiverPark Short Term High Yield Fund And RiverPark Strategic Income Fund Q2 2018 Commentary

via: SeekingAlpha at 2018-07-30 04:21:58:000

Read more … read more...

Third Point (Dan Loeb) Q2 2018 Investor Letter

via: SeekingAlpha at 2018-07-26 06:52:52:000

Originally posted on Read more … read more...

Third Point (Dan Loeb) Q2 2018 Investor Letter

via: SeekingAlpha at 2018-07-26 06:52:52:000

Originally posted on Read more … read more...

Third Point (Dan Loeb) Q2 2018 Investor Letter

via: SeekingAlpha at 2018-07-26 06:52:52:000

Originally posted on Read more … read more...

Midyear Outlook: What A Trade War Could Mean For The Bond Markets, And More

via: SeekingAlpha at 2018-07-25 08:02:34:000

By Douglas J. Peebles We answer some of today's most pressing investor questions - from the effect of trade wars with China to our expectations for rising rates and a correction in high yield. Keep Your Eye on the (Most Important) Ball - Liquidity Markets can react somewhat capriciousl… read more...

Market Pulse: Momentum Reinforces Equity Signal

via: SeekingAlpha at 2018-07-22 08:23:32:000

Price Trends Point to Market Breakdown Negative momentum, as measured by the Ned Davis Research CMG US Large Cap Long/Flat Index's (NDRCMGLF Index, or the Index) model, has been deepening incrementally since the 80% equity allocation triggered in April. Increased concern over evolving tariff… read more...

Market Pulse: Momentum Reinforces Equity Signal

via: SeekingAlpha at 2018-07-22 08:23:32:000

Price Trends Point to Market Breakdown Negative momentum, as measured by the Ned Davis Research CMG US Large Cap Long/Flat Index's (NDRCMGLF Index, or the Index) model, has been deepening incrementally since the 80% equity allocation triggered in April. Increased concern over evolving tariff… read more...

Market Pulse: Momentum Reinforces Equity Signal

via: SeekingAlpha at 2018-07-22 08:23:32:000

Price Trends Point to Market Breakdown Negative momentum, as measured by the Ned Davis Research CMG US Large Cap Long/Flat Index's (NDRCMGLF Index, or the Index) model, has been deepening incrementally since the 80% equity allocation triggered in April. Increased concern over evolving tariff… read more...

De-Risking With High Yield In Today's Volatile Market

via: SeekingAlpha at 2018-07-18 02:39:49:000

In the current market environment, with increased volatility roiling the waters, many investors, understandably spooked, are moving out of high yield bonds into short duration fixed income, emerging market bonds and equities. I am not going to tell you that moving out of high yield is either d… read more...

De-Risking With High Yield In Today's Volatile Market

via: SeekingAlpha at 2018-07-18 02:39:49:000

In the current market environment, with increased volatility roiling the waters, many investors, understandably spooked, are moving out of high yield bonds into short duration fixed income, emerging market bonds and equities. I am not going to tell you that moving out of high yield is either d… read more...

De-Risking With High Yield In Today's Volatile Market

via: SeekingAlpha at 2018-07-18 02:39:49:000

In the current market environment, with increased volatility roiling the waters, many investors, understandably spooked, are moving out of high yield bonds into short duration fixed income, emerging market bonds and equities. I am not going to tell you that moving out of high yield is either d… read more...

As Risks Balloon, Yield Chasers Blow Off The Fed

via: SeekingAlpha at 2018-07-17 06:03:54:000

"This emerging trend highlights just how much risk some investors are willing to take in the current environment." The Fed's explicit purpose of "removing accommodation" - hiking interest rates and unwinding QE - is to tighten the ultra-loose "financial conditions" that have prevailed for … read more...

13 Charts: High Yield Today

via: SeekingAlpha at 2018-07-12 06:17:07:000

By Sloane Ortel and Martin Fridson, CFA The standard joke about high-yield bonds is that they're not high yield any longer. People started to tell that joke when the high-yield index fell below 10%. They've continued revising it as the index has moved steadily downward to its present 6%…. read more...

13 Charts: High Yield Today

via: SeekingAlpha at 2018-07-12 06:17:07:000

By Sloane Ortel and Martin Fridson, CFA The standard joke about high-yield bonds is that they're not high yield any longer. People started to tell that joke when the high-yield index fell below 10%. They've continued revising it as the index has moved steadily downward to its present 6%…. read more...

13 Charts: High Yield Today

via: SeekingAlpha at 2018-07-12 06:17:07:000

By Sloane Ortel and Martin Fridson, CFA The standard joke about high-yield bonds is that they're not high yield any longer. People started to tell that joke when the high-yield index fell below 10%. They've continued revising it as the index has moved steadily downward to its present 6%…. read more...

Bonds Minus Duration: A Train Wreck In The Making?

via: SeekingAlpha at 2018-07-11 06:51:12:000

By Gershon Distenfeld A bond allocation is like a railroad. Credit is the locomotive that generates high returns, duration the track that keeps the train in line. Take the track away and you risk running your portfolio into the ditch. That's why duration-hedged credit strategies are danger… read more...

The Corporate Bond Market Is Getting Junkier

via: SeekingAlpha at 2018-07-11 03:22:58:000

Few investors realize the ticking time bombs populating what they believe are the safest parts of their portfolios. VIPs Corporate bonds rated BBB now total $2.56 trillion, having surpassed in size the sum of higher-rated debentures, which total $2.55 trillion. And then there's the mas… read more...

Taxable Municipal Bonds: An Overlooked Fixed-Income Allocation For Portfolio Diversity

via: SeekingAlpha at 2018-07-06 10:33:33:000

An Overlooked Fixed-Income Allocation for Portfolio Diversity This week Ive been writing about some observations on BlackRocks round of cuts to its closed-end funds. I had anticipated that I would describe the cuts, which overwhelming hit tax-exempt municipal bond funds br… read more...

Taxable Municipal Bonds: An Overlooked Fixed-Income Allocation For Portfolio Diversity

via: SeekingAlpha at 2018-07-06 10:33:33:000

An Overlooked Fixed-Income Allocation for Portfolio Diversity This week Ive been writing about some observations on BlackRocks round of cuts to its closed-end funds. I had anticipated that I would describe the cuts, which overwhelming hit tax-exempt municipal bond funds br… read more...

Taxable Municipal Bonds: An Overlooked Fixed-Income Allocation For Portfolio Diversity

via: SeekingAlpha at 2018-07-06 10:33:33:000

An Overlooked Fixed-Income Allocation for Portfolio Diversity This week Ive been writing about some observations on BlackRocks round of cuts to its closed-end funds. I had anticipated that I would describe the cuts, which overwhelming hit tax-exempt municipal bond funds br… read more...

Taxable Municipal Bonds: An Overlooked Fixed-Income Allocation For Portfolio Diversity

via: SeekingAlpha at 2018-07-06 10:33:33:000

An Overlooked Fixed-Income Allocation for Portfolio Diversity This week Ive been writing about some observations on BlackRocks round of cuts to its closed-end funds. I had anticipated that I would describe the cuts, which overwhelming hit tax-exempt municipal bond funds br… read more...

Taxable Municipal Bonds: An Overlooked Fixed-Income Allocation For Portfolio Diversity

via: SeekingAlpha at 2018-07-06 10:33:33:000

An Overlooked Fixed-Income Allocation for Portfolio Diversity This week Ive been writing about some observations on BlackRocks round of cuts to its closed-end funds. I had anticipated that I would describe the cuts, which overwhelming hit tax-exempt municipal bond funds br… read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2018-07-02 14:40:37:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0591 . 30-Day Sec yield 4.62%. VanEck Vectors CEF Municipal Income ETF (NYSEARCA: XMPT ) - $0.0964. 30-Day Sec yield 4.74%. VanEck Vectors International High Yield Bond ETF (NYSEARCA: IHY ) - $0.0928 . 30-Day S… read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2018-07-02 14:40:37:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0591 . 30-Day Sec yield 4.62%. VanEck Vectors CEF Municipal Income ETF (NYSEARCA: XMPT ) - $0.0964. 30-Day Sec yield 4.74%. VanEck Vectors International High Yield Bond ETF (NYSEARCA: IHY ) - $0.0928 . 30-Day S… read more...

VanEck Vectors declare monthly distribution

via: SeekingAlpha at 2018-07-02 14:40:37:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0591 . 30-Day Sec yield 4.62%. VanEck Vectors CEF Municipal Income ETF (NYSEARCA: XMPT ) - $0.0964. 30-Day Sec yield 4.74%. VanEck Vectors International High Yield Bond ETF (NYSEARCA: IHY ) - $0.0928 . 30-Day S… read more...

Announcing VanEck Vectors ETFs' June 2018 Distributions

via: Business Wire at 2018-06-29 18:14:00:000

VanEck announced today its regular distributions per share for the VanEck Vectors municipal income and income-oriented exchange-traded funds. The following dates apply to distribution declarations for the funds listed below: The majority, and possibly all, of the dividend dis… read more...

Announcing VanEck Vectors ETFs' June 2018 Distributions

via: Business Wire at 2018-06-29 18:14:00:000

VanEck announced today its regular distributions per share for the VanEck Vectors municipal income and income-oriented exchange-traded funds. The following dates apply to distribution declarations for the funds listed below: The majority, and possibly all, of the dividend dis… read more...

Announcing VanEck Vectors ETFs' June 2018 Distributions

via: Business Wire at 2018-06-29 18:14:00:000

VanEck announced today its regular distributions per share for the VanEck Vectors municipal income and income-oriented exchange-traded funds. The following dates apply to distribution declarations for the funds listed below: The majority, and possibly all, of the dividend dis… read more...

JPMorgan loses share in junk bond underwriting, Barclays gains: Bloomberg

via: SeekingAlpha at 2018-06-29 12:19:33:000

JPMorgan (NYSE: JPM ) holds onto the number one slot in U.S. high-yield bond underwriting rankings, but lost some ground, Bloomberg reports. More news on: JPMorgan Chase & Co., Barclays PLC, Bank of America Corporation, Financial stocks news, News on ETFs, Read more … read more...

JPMorgan loses share in junk bond underwriting, Barclays gains: Bloomberg

via: SeekingAlpha at 2018-06-29 12:19:33:000

JPMorgan (NYSE: JPM ) holds onto the number one slot in U.S. high-yield bond underwriting rankings, but lost some ground, Bloomberg reports. More news on: JPMorgan Chase & Co., Barclays PLC, Bank of America Corporation, Financial stocks news, News on ETFs, Read more … read more...

JPMorgan loses share in junk bond underwriting, Barclays gains: Bloomberg

via: SeekingAlpha at 2018-06-29 12:19:33:000

JPMorgan (NYSE: JPM ) holds onto the number one slot in U.S. high-yield bond underwriting rankings, but lost some ground, Bloomberg reports. More news on: JPMorgan Chase & Co., Barclays PLC, Bank of America Corporation, Financial stocks news, News on ETFs, Read more … read more...

Junk bond yield jumps to 18-month high with surge in issuance

via: SeekingAlpha at 2018-06-29 11:46:28:000

The yield on the Bloomberg Barclays US jumped to the highest since December 2016 with surging issuance and fund outflows, Bloomberg reports. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond Fund, Financi… read more...

Junk bond yield jumps to 18-month high with surge in issuance

via: SeekingAlpha at 2018-06-29 11:46:28:000

The yield on the Bloomberg Barclays US jumped to the highest since December 2016 with surging issuance and fund outflows, Bloomberg reports. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond Fund, Financi… read more...

Junk bond yield jumps to 18-month high with surge in issuance

via: SeekingAlpha at 2018-06-29 11:46:28:000

The yield on the Bloomberg Barclays US jumped to the highest since December 2016 with surging issuance and fund outflows, Bloomberg reports. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond Fund, Financi… read more...

U.S. corporate debt tops $6T

via: SeekingAlpha at 2018-06-28 04:04:13:000

The debt load for U.S. corporations has reached a record $6.3T, according to S&P Global, as Wall Street investors brace for a stricter rate environment even as cash hoarding reaches a peak. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yiel… read more...

Chart Of The Week: When High Yield Goes Boom

via: SeekingAlpha at 2018-06-27 04:46:06:000

By Divya Kirti, economist in the Middle East and Central Asia Department at the IMF We've all heard about good cholesterol and bad cholesterol. Too much of the good stuff probably won't do you any harm. Too much of the bad stuff can lead to a heart attack. The same idea applies to credit… read more...

Fixed Income: From Economic Convergence To Divergence

via: SeekingAlpha at 2018-06-27 02:25:58:000

By James Cielinski, CFA Jim Cielinski, Global Head of Fixed Income, explores the global pickup in yields but suggests the growing divergence in economies and monetary policy may herald a less-uniform fixed income market. Has the first half of 2018 developed as expected? The long-an… read more...

Fallen Angels React To Rising Rates And Tariffs

via: SeekingAlpha at 2018-06-23 10:52:20:000

Fallen angel bonds are feeling the influence of U.S. monetary policy and the geopolitical environment. Credit quality and sector weights have been key performance drivers so far in 2018 while somewhat offsetting one another. Fallen angel bond performance is mainly driven by higher average cred… read more...

Fallen Angels React To Rising Rates And Tariffs

via: SeekingAlpha at 2018-06-23 10:52:20:000

Fallen angel bonds are feeling the influence of U.S. monetary policy and the geopolitical environment. Credit quality and sector weights have been key performance drivers so far in 2018 while somewhat offsetting one another. Fallen angel bond performance is mainly driven by higher average cred… read more...

Fallen Angels React To Rising Rates And Tariffs

via: SeekingAlpha at 2018-06-23 10:52:20:000

Fallen angel bonds are feeling the influence of U.S. monetary policy and the geopolitical environment. Credit quality and sector weights have been key performance drivers so far in 2018 while somewhat offsetting one another. Fallen angel bond performance is mainly driven by higher average cred… read more...

Fallen Angels React To Rising Rates And Tariffs

via: SeekingAlpha at 2018-06-23 10:52:20:000

Fallen angel bonds are feeling the influence of U.S. monetary policy and the geopolitical environment. Credit quality and sector weights have been key performance drivers so far in 2018 while somewhat offsetting one another. Fallen angel bond performance is mainly driven by higher average cred… read more...

Q2 Fixed Income Survey: The U.S. Growth Domino Effect

via: SeekingAlpha at 2018-06-14 12:26:20:000

The domino effect Over the course of 2017, we highlighted the dichotomy between interest rate managers' bearish views on U.S. growth relative to credit managers, who have been more bullish. However, over the last two surveys, 1 we have seen a significant change in the direction of travel…. read more...

Q2 Fixed Income Survey: The U.S. Growth Domino Effect

via: SeekingAlpha at 2018-06-14 12:26:20:000

The domino effect Over the course of 2017, we highlighted the dichotomy between interest rate managers' bearish views on U.S. growth relative to credit managers, who have been more bullish. However, over the last two surveys, 1 we have seen a significant change in the direction of travel…. read more...

Q2 Fixed Income Survey: The U.S. Growth Domino Effect

via: SeekingAlpha at 2018-06-14 12:26:20:000

The domino effect Over the course of 2017, we highlighted the dichotomy between interest rate managers' bearish views on U.S. growth relative to credit managers, who have been more bullish. However, over the last two surveys, 1 we have seen a significant change in the direction of travel…. read more...

Big Buyback Year, But Blackout Periods Start This Week

via: SeekingAlpha at 2018-06-14 06:01:45:000

For long-time readers, the current composite model reading is 0.86. Keep reading for a quick run-down if you're new to the model, otherwise, you can skip down to "Technicals" for the updated data. Investors are constantly exposed to sound bites and data points presented without any proper … read more...

Big Buyback Year, But Blackout Periods Start This Week

via: SeekingAlpha at 2018-06-14 06:01:45:000

For long-time readers, the current composite model reading is 0.86. Keep reading for a quick run-down if you're new to the model, otherwise, you can skip down to "Technicals" for the updated data. Investors are constantly exposed to sound bites and data points presented without any proper … read more...

Big Buyback Year, But Blackout Periods Start This Week

via: SeekingAlpha at 2018-06-14 06:01:45:000

For long-time readers, the current composite model reading is 0.86. Keep reading for a quick run-down if you're new to the model, otherwise, you can skip down to "Technicals" for the updated data. Investors are constantly exposed to sound bites and data points presented without any proper … read more...

Jeffrey Gundlach - 'Push Me, Pull You' (Slides)

via: SeekingAlpha at 2018-06-13 02:34:32:000

Jeffrey Gundlach hosts DoubleLine Total Return webcast for the month of June 2018, titled, Push Me, Pull You. TAB I - U.S. & Global Markets Gross Domestic Product - Real and Nominal Source: Bloomberg GDP = Gross Domestic Product includes the total amount of goods … read more...

'Junk In The Trunk' - Investors Get 'Comfortable' With Subprime Auto Loan Bonds

via: SeekingAlpha at 2018-06-12 01:34:36:000

That may seem like a baseless assertion, but it's actually just simple math. Early in recoveries, borrowers and lenders are both shell-shocked by the last recession, so only high-quality deals get done. But as time passes, all the good borrowers get their loans, and if banks want to keep the d… read more...

Are You A Lightening Rod Or A Seismograph?

via: SeekingAlpha at 2018-06-11 03:48:30:000

By Brad Tank The current sweet spot in high yield may be short-dated bonds rather than floating-rate loans. Since his passing last month, I've spent some time re-reading many of the articles written by Tom Wolfe in the 1970s and 80s. Before turning his attention to fiction Wolfe spent th… read more...

Eyeing Up Winners (And Losers) In The U.S. Tax Overhaul

via: SeekingAlpha at 2018-02-14 07:38:55:000

Companies, tax advisors and investors are scrambling to digest the new U.S. tax law. One taxing question for equity investors: Who are the potential winners and losers? Overall, we expect U.S. company earnings and spending will receive an early boost under the new tax plan, as we write in ou… read more...

Eyeing Up Winners (And Losers) In The U.S. Tax Overhaul

via: SeekingAlpha at 2018-02-14 07:38:55:000

Companies, tax advisors and investors are scrambling to digest the new U.S. tax law. One taxing question for equity investors: Who are the potential winners and losers? Overall, we expect U.S. company earnings and spending will receive an early boost under the new tax plan, as we write in ou… read more...

Eyeing Up Winners (And Losers) In The U.S. Tax Overhaul

via: SeekingAlpha at 2018-02-14 07:38:55:000

Companies, tax advisors and investors are scrambling to digest the new U.S. tax law. One taxing question for equity investors: Who are the potential winners and losers? Overall, we expect U.S. company earnings and spending will receive an early boost under the new tax plan, as we write in ou… read more...

Eyeing Up Winners (And Losers) In The U.S. Tax Overhaul

via: SeekingAlpha at 2018-02-14 07:38:55:000

Companies, tax advisors and investors are scrambling to digest the new U.S. tax law. One taxing question for equity investors: Who are the potential winners and losers? Overall, we expect U.S. company earnings and spending will receive an early boost under the new tax plan, as we write in ou… read more...

Eyeing Up Winners (And Losers) In The U.S. Tax Overhaul

via: SeekingAlpha at 2018-02-14 07:38:55:000

Companies, tax advisors and investors are scrambling to digest the new U.S. tax law. One taxing question for equity investors: Who are the potential winners and losers? Overall, we expect U.S. company earnings and spending will receive an early boost under the new tax plan, as we write in ou… read more...

Eyeing Up Winners (And Losers) In The U.S. Tax Overhaul

via: SeekingAlpha at 2018-02-14 07:38:55:000

Companies, tax advisors and investors are scrambling to digest the new U.S. tax law. One taxing question for equity investors: Who are the potential winners and losers? Overall, we expect U.S. company earnings and spending will receive an early boost under the new tax plan, as we write in ou… read more...

Eyeing Up Winners (And Losers) In The U.S. Tax Overhaul

via: SeekingAlpha at 2018-02-14 07:38:55:000

Companies, tax advisors and investors are scrambling to digest the new U.S. tax law. One taxing question for equity investors: Who are the potential winners and losers? Overall, we expect U.S. company earnings and spending will receive an early boost under the new tax plan, as we write in ou… read more...

Corporate Bond Commentary - February 12, 2018

via: SeekingAlpha at 2018-02-14 00:30:25:000

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Corporate Bond Commentary - February 12, 2018

via: SeekingAlpha at 2018-02-14 00:30:25:000

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Corporate Bond Commentary - February 12, 2018

via: SeekingAlpha at 2018-02-14 00:30:25:000

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Corporate Bond Commentary - February 12, 2018

via: SeekingAlpha at 2018-02-14 00:30:25:000

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Corporate Bond Commentary - February 12, 2018

via: SeekingAlpha at 2018-02-14 00:30:25:000

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Corporate Bond Commentary - February 12, 2018

via: SeekingAlpha at 2018-02-14 00:30:25:000

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Corporate Bond Commentary - February 12, 2018

via: SeekingAlpha at 2018-02-14 00:30:25:000

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It's Time To Ask If Junk Bond ETFs Are A Risk

via: SeekingAlpha at 2018-02-11 05:08:42:000

Ok, guess what? It's time to start talking about the next risk factor for ETPs. Monday proved beyond a shadow of a doubt that structural issues in exchange-traded products can manifest themselves in dramatic fashion. Monday also proved - again, beyond a shadow of a doubt - that the worst c… read more...

It's Time To Ask If Junk Bond ETFs Are A Risk

via: SeekingAlpha at 2018-02-11 05:08:42:000

Ok, guess what? It's time to start talking about the next risk factor for ETPs. Monday proved beyond a shadow of a doubt that structural issues in exchange-traded products can manifest themselves in dramatic fashion. Monday also proved - again, beyond a shadow of a doubt - that the worst c… read more...

It's Time To Ask If Junk Bond ETFs Are A Risk

via: SeekingAlpha at 2018-02-11 05:08:42:000

Ok, guess what? It's time to start talking about the next risk factor for ETPs. Monday proved beyond a shadow of a doubt that structural issues in exchange-traded products can manifest themselves in dramatic fashion. Monday also proved - again, beyond a shadow of a doubt - that the worst c… read more...

Money exits high-yield

via: SeekingAlpha at 2018-02-09 07:25:58:000

The SPDR High Yield Bond ETF (NYSEARCA: JNK ) has lost nearly 30% of its assets since the start of the year, with AUM now standing at $9.78B at last check. The fund is down 2.4% YTD (this doesn't include the roughly 6% yield). More news on: SPDR Bloomberg Barclays High Yield Bond ETF, iS… read more...

Money exits high-yield

via: SeekingAlpha at 2018-02-09 07:25:58:000

The SPDR High Yield Bond ETF (NYSEARCA: JNK ) has lost nearly 30% of its assets since the start of the year, with AUM now standing at $9.78B at last check. The fund is down 2.4% YTD (this doesn't include the roughly 6% yield). More news on: SPDR Bloomberg Barclays High Yield Bond ETF, iS… read more...

Money exits high-yield

via: SeekingAlpha at 2018-02-09 07:25:58:000

The SPDR High Yield Bond ETF (NYSEARCA: JNK ) has lost nearly 30% of its assets since the start of the year, with AUM now standing at $9.78B at last check. The fund is down 2.4% YTD (this doesn't include the roughly 6% yield). More news on: SPDR Bloomberg Barclays High Yield Bond ETF, iS… read more...

Money exits high-yield

via: SeekingAlpha at 2018-02-09 07:25:58:000

The SPDR High Yield Bond ETF (NYSEARCA: JNK ) has lost nearly 30% of its assets since the start of the year, with AUM now standing at $9.78B at last check. The fund is down 2.4% YTD (this doesn't include the roughly 6% yield). More news on: SPDR Bloomberg Barclays High Yield Bond ETF, iS… read more...

Money exits high-yield

via: SeekingAlpha at 2018-02-09 07:25:58:000

The SPDR High Yield Bond ETF (NYSEARCA: JNK ) has lost nearly 30% of its assets since the start of the year, with AUM now standing at $9.78B at last check. The fund is down 2.4% YTD (this doesn't include the roughly 6% yield). More news on: SPDR Bloomberg Barclays High Yield Bond ETF, iS… read more...

Ewing Morris Perspectives: A New Take On Fixed Income

via: SeekingAlpha at 2018-02-06 07:59:28:000

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Ewing Morris Perspectives: A New Take On Fixed Income

via: SeekingAlpha at 2018-02-06 07:59:28:000

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Ewing Morris Perspectives: A New Take On Fixed Income

via: SeekingAlpha at 2018-02-06 07:59:28:000

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S&P's 'Global Corporate Leverage Trends 2018'

via: SeekingAlpha at 2018-02-05 05:48:59:000

The number of defaults by highly leveraged companies could rise significantly amid tightening credit conditions, according to S&P Global Ratings. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, iShares iBoxx $ Investment Grade C… read more...

S&P's 'Global Corporate Leverage Trends 2018'

via: SeekingAlpha at 2018-02-05 05:48:59:000

The number of defaults by highly leveraged companies could rise significantly amid tightening credit conditions, according to S&P Global Ratings. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, iShares iBoxx $ Investment Grade C… read more...

S&P's 'Global Corporate Leverage Trends 2018'

via: SeekingAlpha at 2018-02-05 05:48:59:000

The number of defaults by highly leveraged companies could rise significantly amid tightening credit conditions, according to S&P Global Ratings. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, iShares iBoxx $ Investment Grade C… read more...

VanEck Vectors declares monthly distributions

via: SeekingAlpha at 2018-02-01 15:27:44:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0751 . 30-Day Sec yield 3.90%. VanEck Vectors CEF Municipal Income ETF (NYSEARCA: XMPT ) - $0.1012 . 30-Day Sec yield 4.88%. VanEck Vectors International High Yield Bond ETF (NYSEARCA: IHY ) - $0.0980 . 30-Day S… read more...

VanEck Vectors declares monthly distributions

via: SeekingAlpha at 2018-02-01 15:27:44:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0751 . 30-Day Sec yield 3.90%. VanEck Vectors CEF Municipal Income ETF (NYSEARCA: XMPT ) - $0.1012 . 30-Day Sec yield 4.88%. VanEck Vectors International High Yield Bond ETF (NYSEARCA: IHY ) - $0.0980 . 30-Day S… read more...

VanEck Vectors declares monthly distributions

via: SeekingAlpha at 2018-02-01 15:27:44:000

VanEck Vectors Emerging Markets Aggregate Bond ETF (NYSEARCA: EMAG ) - $0.0751 . 30-Day Sec yield 3.90%. VanEck Vectors CEF Municipal Income ETF (NYSEARCA: XMPT ) - $0.1012 . 30-Day Sec yield 4.88%. VanEck Vectors International High Yield Bond ETF (NYSEARCA: IHY ) - $0.0980 . 30-Day S… read more...

RiverPark Short Term High Yield Fund And RiverPark Strategic Income Fund Q4 2017 Commentary

via: SeekingAlpha at 2018-02-01 10:58:39:000

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RiverPark Short Term High Yield Fund And RiverPark Strategic Income Fund Q4 2017 Commentary

via: SeekingAlpha at 2018-02-01 10:58:39:000

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RiverPark Short Term High Yield Fund And RiverPark Strategic Income Fund Q4 2017 Commentary

via: SeekingAlpha at 2018-02-01 10:58:39:000

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Corporate Bond Commentary - January 29, 2018

via: SeekingAlpha at 2018-02-01 05:34:34:000

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Corporate Bond Commentary - January 29, 2018

via: SeekingAlpha at 2018-02-01 05:34:34:000

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Corporate Bond Commentary - January 29, 2018

via: SeekingAlpha at 2018-02-01 05:34:34:000

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Announcing VanEck Vectors ETFs' January 2018 Distributions

via: Business Wire at 2018-01-31 18:02:00:000

VanEck announced today its regular distributions per share for the VanEck Vectors municipal income and income-oriented exchange-traded funds. The following dates apply to distribution declarations for the funds listed below: The majority, and possibly all, of the dividend dis… read more...

Announcing VanEck Vectors ETFs' January 2018 Distributions

via: Business Wire at 2018-01-31 18:02:00:000

VanEck announced today its regular distributions per share for the VanEck Vectors municipal income and income-oriented exchange-traded funds. The following dates apply to distribution declarations for the funds listed below: The majority, and possibly all, of the dividend dis… read more...

Announcing VanEck Vectors ETFs' January 2018 Distributions

via: Business Wire at 2018-01-31 18:02:00:000

VanEck announced today its regular distributions per share for the VanEck Vectors municipal income and income-oriented exchange-traded funds. The following dates apply to distribution declarations for the funds listed below: The majority, and possibly all, of the dividend dis… read more...

Keeping Pace In High Income Today: Bet On Multiple Horses

via: SeekingAlpha at 2018-01-31 07:04:38:000

By Gershon Distenfeld Market conditions may change in 2018, and that's good for income-oriented investors. Yes, interest rates are rising, and some assets look expensive. But there are still plenty of horses to ride in this race. The ride may be rough at times, and assets will go up and … read more...

Keeping Pace In High Income Today: Bet On Multiple Horses

via: SeekingAlpha at 2018-01-31 07:04:38:000

By Gershon Distenfeld Market conditions may change in 2018, and that's good for income-oriented investors. Yes, interest rates are rising, and some assets look expensive. But there are still plenty of horses to ride in this race. The ride may be rough at times, and assets will go up and … read more...

Keeping Pace In High Income Today: Bet On Multiple Horses

via: SeekingAlpha at 2018-01-31 07:04:38:000

By Gershon Distenfeld Market conditions may change in 2018, and that's good for income-oriented investors. Yes, interest rates are rising, and some assets look expensive. But there are still plenty of horses to ride in this race. The ride may be rough at times, and assets will go up and … read more...

How Did That Get Into My Bond Fund?

via: SeekingAlpha at 2018-01-31 06:41:42:000

Towards the end of financial bubbles, people who previously paid little attention to things like "quality" start trying to figure out what they actually own. The result is either funny or terrifying, depending on the point of view. This time around bonds are (finally) getting a closer look. … read more...

How Did That Get Into My Bond Fund?

via: SeekingAlpha at 2018-01-31 06:41:42:000

Towards the end of financial bubbles, people who previously paid little attention to things like "quality" start trying to figure out what they actually own. The result is either funny or terrifying, depending on the point of view. This time around bonds are (finally) getting a closer look. … read more...

How Did That Get Into My Bond Fund?

via: SeekingAlpha at 2018-01-31 06:41:42:000

Towards the end of financial bubbles, people who previously paid little attention to things like "quality" start trying to figure out what they actually own. The result is either funny or terrifying, depending on the point of view. This time around bonds are (finally) getting a closer look. … read more...

My Forecast For The Second Half Of 2018 Is ...

via: SeekingAlpha at 2018-01-30 18:56:06:000

As promised, once the GDP report came out, I can now give the second part of my 2018 forecast. To forecast Q1 and Q2, I employ the K.I.S.S. method of following the Index of Leading Indicators plus several other short-term data points. For the period over 6 months out, I turn to long leading in… read more...

My Forecast For The Second Half Of 2018 Is ...

via: SeekingAlpha at 2018-01-30 18:56:06:000

As promised, once the GDP report came out, I can now give the second part of my 2018 forecast. To forecast Q1 and Q2, I employ the K.I.S.S. method of following the Index of Leading Indicators plus several other short-term data points. For the period over 6 months out, I turn to long leading in… read more...

As Sands Shift, Bond Investors Struggle To Keep Their Footing

via: SeekingAlpha at 2018-01-24 05:05:37:000

By Douglas J. Peebles and Matthew Sheridan Is the end of quantitative easing (QE) a big deal? Might tax reform provide an added boost to the US economy? Should investors brace for more volatility in 2018? Yes, yes and yes. In other words, we think 2018 may go down in history as an import… read more...

The Lindemann Criterion

via: SeekingAlpha at 2018-01-23 01:36:30:000

We're just a bubble in a boiling pot." - Jack Johnson Looking at the acceleration of inflows, with record flows piling into Investment Grade, Emerging Markets ((EM)) and equities, when it came to selecting this week's title analogy, we reacquainted ourselves with the "Lindemann criterion,"… read more...

U.S. High-Yield Market Outlook: Week Ending January 12, 2018

via: SeekingAlpha at 2018-01-16 13:22:34:000

The outlook is based on BOFA 1,870 debt issues, which together represent c. $1.25 trln in principal amount (most of the issues are represented in HYG ). US High Yield Index was down this week, by 11.5 bps. Most of the decline came from Communications this week, which fell by 48 bps and cont… read more...

FX And Fixed Income > Equities

via: SeekingAlpha at 2018-01-16 02:18:55:000

Equities continued to roar higher last week, but they played second fiddle to FX and bond markets in of terms signal over noise. In currencies, King Dollar is under attack from all sides. I am no chartist, but its looking grim for the dollar. EURUSD is about to complete a break-out fro… read more...

Solving For 2018

via: SeekingAlpha at 2018-01-12 00:41:23:000

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Bill Gross: Bonds, Men, It's About Time

via: SeekingAlpha at 2018-01-11 09:00:44:000

Women have gotten the short stick or metaphorically the short rib ever since Eve, and I'm with Oprah for president and much, much more but hey, guys have got a few positive qualities that need to be mentioned. I mean when basketball players miss a free throw these days, they still get "low fiv… read more...

New Deutsche junk-bond ETFs let investors choose area to bet on

via: SeekingAlpha at 2018-01-11 08:01:13:000

One of the trio w ill hold bonds at the more speculative end of the high-yield spectrum, and another will be the higher-quality end. A third one will buy short-term junk paper. More news on: Deutsche X-trackers USD High Yield Corporate Bond ETF, iShares iBoxx $ High Yield Corporate Bond E… read more...

Global Bond Markets To Enter New Phase In 2018

via: SeekingAlpha at 2018-01-10 08:13:55:000

By Douglas J. Peebles 2017 was supposed to be the year that would put an end to modest growth, lukewarm inflation and anemic bond yields. It didn't live up to the hype. But pressures are building, and that means volatility ahead - as well as opportunity. Global growth and US growth were … read more...

Don't Believe In The Boogeyman: The 'Noneconomic' Bond Buyer Doesn't Exist

via: SeekingAlpha at 2018-01-10 07:33:53:000

The idea that some big institutional bond investors aren't market-efficient is simply not true. Martin explains. Old-school bond market players love to talk about a boogeyman they call the "noneconomic" buyer. These buyers are large investors - central banks, insurance companies, commercia… read more...

What Inning Is The Credit Cycle In?

via: SeekingAlpha at 2018-01-09 04:50:21:000

By Gene Tannuzzo, CFA Its not enough to say that were early or late in the credit cycle different sectors are in different stages. You can think of the credit cycle as innings of a baseball game. And the more we understand what inning each sector is in, the great… read more...

Ex-Date Payment Date Record Date Declared Date Amount Flag Dividend Type Qualified Indicated
2018-02-01 2018-02-07 2018-02-02 2018-01-31 0.1303 Dividend income
2017-12-27 2018-01-03 2017-12-28 2017-12-26 0.0683 Short term capital gain
2017-12-01 2017-12-07 2017-12-04 2017-11-30 0.1219 Dividend income
2017-11-01 2017-11-07 2017-11-02 2017-10-31 0.1268 Dividend income
2017-10-02 2017-10-06 2017-10-03 2017-09-29 0.1212 Dividend income
2017-09-01 2017-09-08 2017-09-06 2017-08-31 0.1223 Dividend income
2017-08-01 2017-08-07 2017-08-03 2017-07-31 0.1269 Dividend income
2017-07-03 2017-07-10 2017-07-06 2017-06-30 0.131 Dividend income
2017-06-01 2017-06-07 2017-06-05 2017-05-31 0.1276 Dividend income
2017-05-01 2017-05-05 2017-05-03 2017-04-28 0.1143 Dividend income
2017-04-03 2017-04-07 2017-04-05 2017-03-31 0.1282 Dividend income
2017-03-01 2017-03-07 2017-03-03 2017-02-28 0.1125 Dividend income
2017-02-01 2017-02-07 2017-02-03 2017-01-31 0.121 Dividend income
2016-12-28 2017-01-04 2016-12-30 2016-12-27 0.0842 Short term capital gain
2016-12-01 2016-12-07 2016-12-05 2016-11-30 0.1317 Dividend income
2016-11-01 2016-11-07 2016-11-03 2016-10-31 0.135 Dividend income
2016-10-03 2016-10-07 2016-10-05 2016-09-30 0.1367 Dividend income
2016-09-01 2016-09-08 2016-09-06 2016-08-31 0.1338 Dividend income
2016-08-01 2016-08-05 2016-08-03 2016-07-29 0.1271 Dividend income
2016-07-01 2016-07-08 2016-07-06 2016-06-30 0.1431 Dividend income
2016-06-01 2016-06-07 2016-06-03 2016-05-31 0.1465 Dividend income
2016-05-02 2016-05-06 2016-05-04 2016-04-29 0.1395 Dividend income
2016-04-01 2016-04-07 2016-04-05 2016-03-31 0.1444 Dividend income
2016-03-01 2016-03-07 2016-03-03 2016-02-29 0.1165 Dividend income
2016-02-01 2016-02-05 2016-02-03 2016-01-29 0.092 Dividend income
2015-12-29 2016-01-05 2015-12-31 2015-12-28 0.061 Long term capital gain
2015-12-01 2015-12-07 2015-12-03 2015-11-30 0.1048 Dividend income
2015-11-02 2015-11-06 2015-11-04 2015-10-30 0.1164 Dividend income
2015-10-01 2015-10-07 2015-10-05 2015-09-30 0.1045 Dividend income
2015-09-01 2015-09-08 2015-09-03 2015-08-31 0.118 Dividend income
2015-08-03 2015-08-07 2015-08-05 2015-07-31 0.117 Dividend income
2015-07-01 2015-07-08 2015-07-06 2015-06-30 0.1 Dividend income
2015-06-01 2015-06-05 2015-06-03 2015-05-29 0.108 Dividend income
2015-05-01 2015-05-07 2015-05-05 2015-04-30 0.09 Dividend income
2015-04-01 2015-04-08 2015-04-06 2015-03-31 0.134 Dividend income
2015-03-02 2015-03-06 2015-03-04 2015-02-27 0.112 Dividend income
2015-02-02 2015-02-06 2015-02-04 2015-01-30 0.1218 Dividend income
2014-12-29 2015-01-05 2014-12-31 2014-12-26 0.068 Short term capital gain
2014-12-01 2014-12-05 2014-12-03 2014-11-28 0.105 Dividend income
2014-11-03 2014-11-07 2014-11-05 2014-10-31 0.13 Dividend income
2014-10-01 2014-10-07 2014-10-03 2014-09-30 0.125 Dividend income
2014-09-02 2014-09-08 2014-09-04 2014-08-29 0.128 Dividend income
2014-08-01 2014-08-07 2014-08-05 2014-07-31 0.128 Dividend income
2014-07-01 2014-07-08 2014-07-03 2014-06-30 0.119 Dividend income
2014-06-02 2014-06-06 2014-06-04 2014-05-30 0.129 Dividend income
2014-04-01 2014-04-07 2014-04-03 2014-03-31 0.13 Dividend income
2014-03-03 2014-03-07 2014-03-05 2014-02-28 0.119 Dividend income
2014-02-03 2014-02-07 2014-02-05 2014-01-31 0.13 Dividend income
2013-12-27 2014-01-03 2013-12-31 2013-12-26 0.0754 Long term capital gain
2013-12-02 2013-12-06 2013-12-04 2013-11-29 0.127 Dividend income
2013-11-01 2013-11-07 2013-11-05 2013-10-31 0.127 Dividend income
2013-10-01 2013-10-07 2013-10-03 2013-09-30 0.1222 Dividend income
2013-09-03 2013-09-09 2013-09-05 2013-08-30 0.1222 Dividend income
2013-08-01 2013-08-07 2013-08-05 2013-07-31 0.139 Dividend income
2013-07-01 2013-07-08 2013-07-03 2013-06-28 0.139 Dividend income
2013-06-03 2013-06-07 2013-06-05 2013-05-31 0.139 Dividend income
2013-05-01 2013-05-07 2013-05-03 2013-04-30 0.13 Dividend income
Ex-Date Declared Date Record Date Payment Date Ratio To Factor For Factor
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