HYG

The iShares Fallen Angels USD Bond ETF (FALN) focuses on bonds that were downgraded to junk status. It compares its strategy, duration, and rate risk to the HYG ETF and looks at returns since 2016.

Job openings are rising while hires are falling, creating a mismatch in the labor market. This situation puts the Federal Reserve in a difficult position between inflation pressures and slowing job growth.

Large technology firms are issuing billions of dollars in debt to fund artificial intelligence initiatives. The article examines how this trend affects overall bond market dynamics.

Corporate issuers at the lower end of the credit quality spectrum may face higher refinancing costs. Interest rates on maturing debt could potentially double if refinanced at today’s index yields.

High‑yield credit is now a globally diversified, professionally managed income market used by institutions worldwide. The piece discusses how traditional anchor investors might be limiting broader participation.

High-quality yields are shrinking and high-yield spreads are tight. Current market conditions offer little compensation for taking additional credit risk. See more.

The recent rise in global bond yields has brought back income as a key source of portfolio returns. The article suggests maintaining flexibility in investment strategies to adapt to changing conditions.

The yield shown on a fact sheet can differ from the yield that actually clears into an investor’s account. This gap often results from a single, overlooked decision that many investors make.