The iShares high yield corporate bond ETF (HYG) is up big once again today. As shown below, HYG is up 3.64% on the day and 25.64% since its low on November 20th. Many equity investors are waiting for risk-taking to return to the fixed income markets before taking risks in the stock market. Based on the action in junk bonds over the last month or so, the risk trade seems to be coming back.
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There's a convertible ETF, preferred ETFs etc... would be interesting to compare all sub-fixed income asset classes.
Posted by: VennData | January 05, 2009 at 08:47 PM