FYI: The high-yield (junk) bond ETF -- HYG -- has been tumbling lately due to oil's big price drop. As oil has fallen into the $50s, worries that companies in the US Energy industry won't be able to meet their debt obligations have weighed on the junk bond market as a whole. Below is a six-month chart of the HYG ETF. After a big decline over the past month or so, HYG is finally seeing a bounce today. In fact, its one-day gain of 2% is its biggest one-day move since August 2011.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2014/12/17/junk-bond-etf-having-best-day-since-august-2011.html?printerFriendly=true
