HYG and JNK were both trading at discounts of nearly 1% to indicative value on Wednesday afternoon.
The slide in high-yield ETFs is notable because some analysts and investors watch the sector to gauge risk appetite in the market. Junk-bond ETFs often weaken before the trouble shows up in stocks.
iShares iBoxx High Yield Corporate Bond
Full disclosure: Tom Lydon’s clients own HYG and JNK.