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The high yield bond sector bucked the trend on Monday with the HY sector moving in the opposite direction of U.S. equities. HYG = +.51% JNK = +.38% These two were likely candidates for hedge funds and other large trading groups. Profit taking for this daily blip will likely show its face soon enough. Some of this move spilled into the active managed HY bond funds where gains were in the +.11through +.15 ranges for the more plain jane HY bond funds. A day, so not a trend; but an interesting situation for those who monitor this area.
Howdy Bud, Thank you for the link. A short and to the point write by the author. I also checked the links. Ted placed a post yesterday (Dec 3) related to floating rate/bank loans; which I do check; but do not have investments directed in this area, at this time. Regards, Catch
Comments
HYG = +.51%
JNK = +.38%
These two were likely candidates for hedge funds and other large trading groups. Profit taking for this daily blip will likely show its face soon enough.
Some of this move spilled into the active managed HY bond funds where gains were in the +.11through +.15 ranges for the more plain jane HY bond funds.
A day, so not a trend; but an interesting situation for those who monitor this area.
Regards,
Catch
Thanks
http://www.valuewalk.com/2012/12/credit-outlook-2013-high-yield-mortgage-reits-and-treasuries/
Thank you for the link. A short and to the point write by the author. I also checked the links. Ted placed a post yesterday (Dec 3) related to floating rate/bank loans; which I do check; but do not have investments directed in this area, at this time.
Regards,
Catch