USHY / High Yield Bond ETFs Return to Favor as Expected

Credit spreads are abnormally tight, indicating a potential risk of a credit event in the bond market. The iShares Broad USD High Yield Corporate Bond more_horizontal

Goldman Sachs predicts an increase in domestic high-yield defaults, followed by a retreat in the second half of next year. In August, corporate defaul more_horizontal

USHY's implied credit spread for its higher yield portfolio is in line with the broader market, but where historically spreads are low in the face of more_horizontal

Despite a banking crisis and volatile oil prices, the domestic high-yield market hasn't made big moves this year. I see balanced risks with USHY as we more_horizontal

To celebrate the 20th anniversary of the first bond ETFs, investors flocked to the asset class, pouring in $28 billion in July, double the amount that more_horizontal

USHY in broad strokes does not look particularly compelling due to uncertainty over rates and inflation. While earnings so far have been decent, espec more_horizontal

Investors flocked to fixed income ETFs on June 13 even as the yield on the 10-year Treasury yield spiked above 3.4% on rapid anticipation that the Fed more_horizontal

After fixed-income assets fell off alongside equities this year, some bargain hunters are dipping their toes back into corporate bonds and related exc more_horizontal