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High-Yield Bond Funds Making A Mega-Bounce

Published 05/30/2022, 03:39 PM
Updated 07/09/2023, 06:31 AM

One of the most interesting things that has happened over the past eight trading days has been the explosive move higher by the high-yield funds which, until May 18th, had been getting absolutely brutalized. Their exhaustion and descent from these zones, should it transpire, will be an important signal that the counter-trend bounce has stopped.

iShares iBoxx $ High Yield Corporate Bond ETF (NYSE:HYG):

HYG Chart.

SPDR® Bloomberg High Yield Bond ETF (NYSE:JNK):

JNK Chart.

iShares National Muni Bond ETF (NYSE:MUB):

MUB Chart.

SPDR® Bloomberg Short Term High Yield Bond ETF (NYSE:SJNK):

SJNK Chart.

Latest comments

JNK is my bad luck charm. My sweet Madusa turned me to stone and she's fugly. With this bond market, it's situation normal AFU. Thanks for your work!
its it a bear trap though?
Who knows? He doesn't or doesn't want to tell us?
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