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ANGL

VanEck Vectors Fallen Angel High Yield Bond

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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: 1279 trading days

From: 2013-08-02 To: 2018-12-14

Lowest Point:

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

Read more … read more...

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
Data provided for free by IEX