High-Yield Bond Funds Making A Mega-Bounce
Tim Knight | May 30, 2022 03:39PM ET
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):
SPDR® Bloomberg High Yield Bond ETF (NYSE:JNK):
iShares National Muni Bond ETF (NYSE:MUB):
SPDR® Bloomberg Short Term High Yield Bond ETF (NYSE:SJNK):
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