ANGL

Fallen Angels Index Shift Looms As Potential Entrants Emerge

After outperforming in Q1 by 0.10%, fallen angels underperformed broad high yield by 1.60% in Q2. Most Q2 underperformance can be attributed to credit deterioration in weaker credits within the Telecom and Real Estate sectors. J.P. Morgan is expecting fallen angels to outpace rising stars for the remainder of the year.

Chart Of The Moment: Behind U.S. High Yield's Impressive Resilience

Home Investing Strategy Fixed Income Analysis Chart Of The Moment: Behind U.S. High Yield's Impressive Resilience. A look at performance shows high yield often has a resilience and risk-adjusted return potential all its own. In the opening weeks of the third quarter of 2024, the Russell 2000 has made up more than half of its underperformance.

CRE Gets Strangled, Corporate Bankruptcies Highest Since 2010, But Junk Bonds And Broad Financial Conditions In La-La-Land

Weekly Report: what happened at ANGL last week (0715-0719)?

The Economics Of Corporate Bond Markets

Futures launch on both investment grade and high yield corporate bonds. Corporate bond futures allow investors to more precisely manage risk. U.S. Corporate bonds are not backed by the full faith and credit of the U.s. Government. They have a higher correlation with equities than with Treasuries.

Weekly Report: what happened at ANGL last week (0708-0712)?

Fixed Income Perspectives: Looking Ahead At Q3 2024 - A Resilient U.S. Economy Is Keeping Rate Cuts On Hold... For Now

Despite policy rate cuts remaining elusive, several tailwinds are boosting a resilient U.S. Economy. Global central banks are actively transitioning onto a path of easing policy. Many fixed income asset classes are poised for potential outperformance heading into the second half of the year.

HYG: A Benchmark In Junk Bonds, But Not The Best ETF In This Field

IShares iBoxx $ High Yield Corporate Bond ETF is the largest “junk bond” ETF in the market and is often used as a benchmark. The fund has a 12-month trailing yield of 5.96%, but both price and distributions have suffered a decay for years. The yield is attractive, but HYG is not the best investment for long-term investors.